Short payment definition
Short payment as used in this clause means the partial payment of an invoice for goods/services actually rendered at the time of payment when the invoice includes additional goods/services that have not yet been provided/rendered.
Short payment as used in this clause means an invoice that includes the cost or price for supplies or services delivered or performed, as well as the cost or price for supplies or services not yet tendered to the Government in accordance with the terms of the contract, order or agreement.
Examples of Short payment in a sentence
Non payment / Short payment of ESI, EPF will be recovered from the contractors bill and the same will be remitted to the concerned Department.
Non payment / Short payment of ESI, EPF will be recovered from the contractors ▇▇▇▇ and the same will be remitted to the concerned Department.
Challans of the previous monthandGST payment for making payments.Non payment / Short payment of ESI, EPF will be recovered from the contractors bill and the same will be remitted to the concerned Department.
Short payment due to deduction of intermediary bank fees shall leave an open balance on your account, which you shall pay in your next wire transfer to the CAP.