Examples of Payment Statement in a sentence
The Stage Payment Statement shall be accompanied with the progress reports and any other supporting documents.
For the avoidance of doubt, the Parties agree that the IPC shall specify all the amounts that have been deducted from the Stage Payment Statement and the reasons therefor.
Within 15 (fifteen) days of the receipt of the Stage Payment Statement referred to in Clause 17.4, the Authority’s Engineer shall determine and shall deliver to the Authority and the Contractor an IPC certifying the amount due and payable to the Contractor, after adjusting the payments already released to the Contractor against the said statement.
Within 10 (ten) days of receipt of the Stage Payment Statement from the Contractor pursuant to Clause 17.4, the Authority’s Engineer shall broadly determine the amount due to the Contractor and recommend the release of 90 (ninety) per cent of the amount so determined as part payment against the Stage Payment Statement, pending issue of the Interim Payment Certificate by the Authority’s Engineer.
The Contractor will receive a Revised Maintenance Payment Statement (Attachment T), which will be generated by MD CHESSIE at the beginning of the month for prior month placements.