Examples of Progress Claim in a sentence
The Contractor shall give every assistance to the Company and make available to the Company at the Site all records, invoices and accounts to enable the Company properly to check and satisfy itself as to the correctness of any Progress Claim.
Should the actual quantities required be different to the provisional quantities, the Contractor shall, as soon as the difference becomes apparent, but in any event, prior to including any additional quantities in a Progress Claim, submit a detailed quantity take off to the Engineering Manager who shall verify the quantities.
Progress draws shall be accompanied by a Progress Claim approved by CRA and certified by the Banks Cost Consultant detailing the original budget, the present budget, the percent complete, the work in place, the costs to complete and the value of the amount being claimed.
The Company will not be required to approve any part of a Progress Claim which it has not been able to verify by reason of a lack of access to records, invoices or accounts pursuant to this clause.
If the Company does supply Goods, material or consumables on a free of charge basis and during the remaining Contract Period these Goods, materials or consumables are subject to excessive wastage caused by an act of negligence by the Contract Personnel then the Company will deduct from the monthly Progress Claim the actual cost of the Goods, material or consumables that are damaged.