Stage Payment definition

Stage Payment means the schedule of Stage Payments set out in the Sales Order;
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Stage Payment. In relation to any Project Fee, each and any instalment amount stated in any SOW other than the Deposit and Final Payment in relation to the same Project Fee.
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Stage Payment any payment made in respect of a Milestone or on any other date in either case as identified in schedule 7.1 (Charging and Invoicing);
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Examples of Stage Payment 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.

  • Price adjustment shall be due and payable only in respect of the stages of Works for which the Stage Payment Statement has been submitted by the Contractor no later than 30 (thirty) days from the date of the applicable Project Milestone or the Scheduled Completion Date, as the case may be, including any Time Extension granted therefor in accordance with the provisions of this Agreement.

  • The Contractor shall submit a monthly account statement and a detailed report on utilization of funds transferred to this project related bank account to Authority’s Engineer along with Stage Payment Statement.

  • For the avoidance of doubt, in the event of submission of any Stage Payment Statement after the period specified herein, price adjustment shall be applicable until the date of the respective Project Milestone or the Scheduled Completion Date, as the case may be.

  • For the avoidance of doubt, in the event of submission of any Stage Payment Statement after the period specified herein, price adjustment shall be applicable only until the date of the respective Project Milestone or the Scheduled Completion Date, as the case may be.

  • For example on the due date to achieve the Project Milestone-I (i.e., Stage Payments of 10% (ten percent) of Contract Price on 180th(one hundred and eighty) day from the Appointed Date), if 5% (five percent) of the project length corresponding to the Project Milestone-I is not handed over or lately handed over resulting in the extension of completion of this 5% (five percent) length beyond Scheduled Completion Date, Stage Payment of 10%X0.95=9.5% only is to be achieved by180th(one hundred and eighty)day.

  • 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 therefore.

  • The Stage Payment Statement shall beaccompanied with the progress reports and any other supporting documents.

  • Price adjustment shall be due and payable only in respect of the stages of Works for which the Stage Payment Statement has been submitted by the Contractor no later than 30 (thirty) days from the date of the applicable Project Milestone or the Scheduled Completion Date, as the case may be, including any Time Extension granted therefore in accordance with the provisions of this Agreement.


More Definitions of Stage Payment

Stage Payment means the payments as set out in the Connection Charge Payment Schedule as set out in the Offer Letter;
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