Common use of Prior to Completion Clause in Contracts

Prior to Completion. Owner shall authorize partial payments at the end of each calendar month or as soon thereafter as practicable if Contractor is satisfactorily performing the Agreement. Progress payments will be in an amount equal to: 95% of the Work completed. The withheld percentage of the Contract Price shall be retained until the Agreement is completed satisfactorily and finally accepted.

Appears in 5 contracts

Samples: Construction Agreement, Construction Agreement, Construction Agreement

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