Common use of Recovery of Advances Clause in Contracts

Recovery of Advances. 11.2.4 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 85% of the Contract Value has been paid or the original completion date whichever is earlier. As far as possible the recovery of advances shall be limited to 30% of an account bill.

Appears in 4 contracts

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

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