Completed Amount definition
Completed Amount means, for any Reimbursable Proposal, an amount equal to the aggregate amount expended or incurred through to the estimated Closing Date in connection with such Reimbursable Proposal.
Examples of Completed Amount in a sentence
The amount retained will be determined in accordance with the following schedule: Percentage Contract Amount Completed Amount Retained 0 to 75 None 75 to 100 10 % of value of work completed exceeding 75% of Contract Amount.