Final Progress Payment definition

Final Progress Payment. The Contractor shall be entitled to issue a payment claim for the amount of exclusive of GST, this amount being equal to of the total fixed contract price of the Works as outlined in clause 5,on the later to occur of the following:
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Final Progress Payment. The last progress payment made by ▇▇▇▇▇▇ ▇▇▇▇▇ to the Subcontractor in respect of the Work, which, for greater certainty shall be the last payment prior to the final payment of any Holdback. Force Labour Rates: If applicable, the labour rates identified as such in the Bid Form. Hazardous Material: Hazardous Material means asbestos, asbestos containing material, lead, lead-based paint, PCB, silica, silica dust, molds and microbial matter, any other chemical, material, or other substance subject to regulation as a hazardous material, hazardous substance, toxic substance, or otherwise, under applicable federal, provincial, or local law; and any other chemical, material or substance that may have adverse effects on human health or the environment. Holdback: The amount deducted and retained from payments to the Subcontractor in accordance with the applicable lien legislation in the jurisdiction of the Project Site.
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Examples of Final Progress Payment in a sentence

  • County shall audit the Final Progress Payment Application to determine the actual Cost of the Work.

  • Within thirty (30) days of County's receipt and approval of a properly submitted and complete Final Progress Payment Application, County shall make final payment of undisputed amounts owed to Contractor.

  • If the Project is suspended or terminated, the Contractor shall cease activity under this Agreement to the extent required, and the Owner shall pay the Contractor in accordance with a Final Progress Payment Billing to be submitted within 10 business days from the date of suspension or termination plus any foreseeable, consequential and incidental damages that may result from Owner’s termination or suspension of the Work unless otherwise stipulated by the parties herein.

  • Final Change Order, Final Progress Payment, and Retention Payment .1 Submit all daily construction reports.

  • Payment claims for either the Further Progress Payment (Module Payment) or the Final Progress Payment shall be in a form approved by the Company, shall show the Contract number and shall be accompanied by accurate verification as reasonably required by the Company to assess the payment claim.

  • At such time as all Work, including all Substantial Completion Punch List items, is complete in accordance with the Contract Documents and accepted by the Village (except as provided in Section 13.2), the Design/Builder may apply for the Final Progress Payment in accordance with this Section.

  • In the event of a dispute arising after Final Progress Payment or Final Completion, or a dispute which arose prior to Substantial Completion, has been preserved and which was not successfully resolved at mediation, a court of competent jurisdiction in Miami-Dade County shall hear such disputes.

  • These "as-built" drawings on Mylar and the latest version of the AutoCAD format media must be delivered and found to be acceptable to the Village prior to the Final Progress Payment.

  • If the Subcontractor fails to provide the required Turnover Documentation, ▇▇▇▇▇▇ ▇▇▇▇▇ has the right to retain the Final Progress Payment to the Subcontractor and any additional funds otherwise owed to the Subcontractor an amount equivalent to the estimated cost to obtain such Turnover Documentation.

  • The Purchaser’s extended right of Exclusivity will begin on the date Taronis receives the Final Progress Payment for the Second Order.