Stage Payments definition

Stage Payments means shall mean the payments (including the Initial Payment and the Final Completion Payment (if any)) specified in the Contract Sum Payment Chart;

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedSchedule a Demo

Stage Payments means the payments specified in Appendix I of Schedule G Specification.

Stage Payments any payment made in respect of a Milestone or on any other date in either case as identified in schedule 7.1 (Charges and Invoicing);

Examples of Stage Payments in a sentence

• 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 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 ScheduledCompletionDate,StagePaymentof10%X0.95=9.5%onlyistobeachieved by 180th (one hundred and eighty)day.

• For example on the due date to achieve the Project Milestone-I (i.e., Stage Payments of 10% (ten percent) of Contract Price on as specified in Schedule-J of the Contract Agreement, 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% X 0.95 = 9.5% only is to be achieved by the first Milestone date.

• 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 ScheduledCompletionDate,StagePaymentof10%X0.95=9.5%onlyistobeachieved by 180th(one hundred and eighty)day.

• For example on the due date to achieve the Project Milestone (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 ScheduledCompletionDate,StagePaymentof10%X0.95=9.5%onlyistobeachieved by 180th(one hundred and eighty)day.

More Definitions of Stage Payments

Stage Payments means payments made by the Authority to the Contractor in advance of Commission to be earned by the Contractor and which are identified in paragraph B2.1 of Schedule B.

Stage Payments means the payments required to be made by PWD to the Contractor upon completion of each stage of the Works in accordance with Schedule 3 “Stage Completion Certificate” shall mean the certificate issued by the Project Engineer in accordance with Article 7.1 “Taking Over Date” means the day on which Completion Certificate is issued by the Project Engineer. “Tax” shall mean and includes all taxes, cesscs, duties, levies that may be payable by the Contractor under Applicable Law. 3

Stage Payments. As set out in Section Three of Appendix 1 to this Order Form, the Contracting Authority shall pay in three/four stages. Guidance Note: Contracting Authority to delete as appropriate (to confirm if they will be paying in three or four stages).

Stage Payments means the amounts calculated by reference to a percentage of the Estimate set out in Clause 9.1;

Stage Payments any payment made in accordance with the Pricing Schedule;

Stage Payments means the periodic payments based on the value of the Works performed in any Relevant Period Works: ……………………………………………. Works Completion Date: ……………………

Stage Payments. Has the meaning given in Clause 12.8.