Common use of Recovery of Advances/Provisional Payment Clause in Contracts

Recovery of Advances/Provisional Payment. (a) The recovery of Advances shall commence when 20% of the original Contract Value of the work has been paid and it will be completed by the time of original Date of Completion. As fas as possible the recovery of advances shall be limited to 30% of On- account bill.

Appears in 4 contracts

Samples: www.delhimetrorail.com, old.delhimetrorail.com, old.delhimetrorail.com

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