Examples of Final Payment in a sentence
A Claim disputing the amount of Final Payment must be submitted within fourteen (14) Days of the effective date of Final Payment.
This assignment shall be made and become effective at the time City tenders Final Payment to Contractor, without further acknowledgment by the parties.
Contractor shall retain these documents for a period of three (3) years after the later of (i) Final Payment or (ii) final resolution of all Contract Disputes and other disputes, or (iii) for such longer period as may be required by law.
Upon submission of the Final Payment Statement for Works under Clause 10.4, the Contractor shall give to the Authority, with a copy to the DTA, a written discharge confirming that the total of the Final Payment Statement represents full and final settlement of all monies due to the Contractor in respect of this Contractor for all the Works arising out of this Contract, except for any monies due to either Party on account of any Defect.
For the avoidance of doubt, before issuing the Final Payment Certificate, the DTA shall ascertain from the Authority all amounts previously paid by the Authority and for all sums to which the Authority is entitled, the balance, if any, due from the Authority to the Contractor or from the Contractor to the Authority, as the case may be.