Progress Payment Certificate definition

Progress Payment Certificate means a certificate issued periodically by the Engineer, based on which payments on account are made.

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Progress Payment Certificate. (PPC) shall mean a certificate issued periodically by the Engineer to the Owner, based on which payments on account are made to the Contractor.

Progress Payment Certificate means the certificate issued by the Owner's Representative to the Owner on a monthly basis during the performance of the Work describing the payments to be made to the Contractor.

Examples of Progress Payment Certificate in a sentence

The deadline for the Employer to complete the approval and issue the Progress Payment Certificate: Same as general terms .
Fifteen percent (15%) of all monies due to the Contractor in accordance with the Progress Payment Certificate, up to a limit of fifteen percent (15%) of the contract price, shall be retained by the Town and shall be termed the holdback.
Each Progress Payment Certificate will include a percentage of the tender amount for this Item in proportion to the percentage of the permanent works completed.
If the employer fails to complete the approval and raise no objection within the time limit, the Progress Payment Certificate shall be deemed to have been issued.
Subject to clause 44.6, the Company shall make payment of the approved value of a Progress Claim as stated in a Progress Payment Certificate on or before the date which is 30 days following receipt of the claim provided that if a Progress Claim is delivered to the Company after the seventh day of any month, it will, for the purposes of this clause 14, be processed and deemed to have been received on the first day of the following month.
The employer shall complete the approval and issue the Progress Payment Certificate within 7 days after receipt.

More Definitions of Progress Payment Certificate

Progress Payment Certificate shall have the meaning set forth in Section 12.7 of the Agreement

Progress Payment Certificate means a certificate issued periodically by the Consulting Engineer, or the Engineer if a Consulting Engineer is not engaged upon the Project, to the Owner, based on which payments on account are made to the Contractor.

Progress Payment Certificate means a summary of the quantity of materials furnished and Work completed by the Contractor, as measured by the Consultant, for purposes of making payment to the Contractor.

Progress Payment Certificate has the meaning given to that term in clause 14.2.1(b).

Progress Payment Certificate means that certificate, substantially in the form of Exhibit F-1 attached hereto, which is submitted by Contractor to Owner prior to the making of a Progress Payment by Owners.