Payment Holdbacks Clause Samples
Payment Holdbacks. 20% will be withheld from each milestone payment for Project implementation. The total amount withheld will be paid to Provider at the completion and acceptance of the Warranty Period. Agreement Signing 0% 10% Milestone 1: Planning/Analysis/Requirements 20% 10% Milestone 2: Configure/Build/Develop 20% 20% Milestone 3: Launch Support/Cutover 20% 20% Milestone 4: DAM in Production for 60 days 20% 20% Milestone 5: Final Acceptance 20% 20% 100%
Payment Holdbacks. (insert %)% will be withheld from each milestone payment. The total amount withheld will be paid to Contractor at the completion and acceptance of the final milestone. Milestone 1: % of approved invoice % Milestone 2: % of approved invoice % Milestone 3: % of approved invoice % Milestone 4: % of approved invoice % Milestone 5: % of approved invoice % Final Acceptance 100%