Reduced payment definition

Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.
Reduced payment shall have the meaning set forth in Section 11(a).
Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and

Examples of Reduced payment in a sentence

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Reduced payment for or removal of the mix in question will be applied starting from the plant sample tonnage at the stop point to the sample tonnage when the moving average is on or within the moving average limits.

  • As used in this clause— Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Reduced payment shall be equal to up to 10% of the total value of the orders placed during the relevant quarterly period.

  • Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which theGovernment has paid the prime contractor.

  • Parties are therefore advised to keep all documents evidencing that some effective negotiations have occurred between them regarding conditions of the parties’ cooperation, and, in particular, the agreed price of services or products.2.2. Reduced payment termsThe Law revised payment terms for ‟periodic invoices”.

  • As used in this clause- Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor.

  • Government Actions: (Reduced payment, cure notice, show cause, other) _______________________________________________________________________________________ _______________________________________________________________________________________ _______________________________________________________________________________________ 13.

  • Reduced payment as outlined in Table 2360.4L3 shall apply to all tonnage represented by the individual test.If the individual tests for percent asphalt binder content, production air voids, or VMA exceeds twice the JMF bands from the target listed on the Mix Design Report the material is considered unsatisfactory or unacceptable.

  • Reduced payment as outlined in Table 2360.4L3 shall apply to all tonnage placed from the sample point of the failing test until the sample point when the test result is back within twice the JMF limits.


More Definitions of Reduced payment

Reduced payment means a payment that is for less than the amount agreed upon in a subcontract in accordance with its terms and conditions, for supplies and services for which the Government has paid the prime contractor. “Subcontract” means any agreement (other than one involving an employer-employee relationship) entered into by a Federal Government prime Contractor or subcontractor calling for supplies or services required for performance of the contract or subcontract.
Reduced payment shall have the meaning set forth in Section 1l(a). (bb) "Section 409A" shall have the meaning set forth in Section lO(a).
Reduced payment means a payment that is for less than the amount agreed upon in a lower-tier subcontract in accordance with its terms and conditions, for supplies and services for which NREL has paid the subcontractor.
Reduced payment shall have the meaning set forth in Section 20(d).