Progress and or Partial Payments Clause Samples

The "Progress and/or Partial Payments" clause establishes the terms under which a contractor or service provider receives payments incrementally as work is completed, rather than waiting for the entire project to finish. Typically, this clause outlines milestones, deliverables, or specific time intervals that trigger partial payments, and may require documentation or approval of completed work before each payment is released. Its core function is to ensure steady cash flow for the party performing the work, reducing financial strain and incentivizing timely progress throughout the project.