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 ScheduledCompletionDate,StagePaymentof10%X0.95=9.5%onlyistobeachieved by 180th (one hundred and eighty)day.
The Purchaser agrees to pay the Contract Price by the instalments as set out in Schedule 2 ("Stage Payments") and as provided in this Agreement.
Item of Expenditure Budget (in UK Sterling) Standard rate The total payment under these rates is capped at £6,800 per hectare for the Priority Places Rate Standard Rate and £8,500 per hectare for the Priority Places Rate, excluding leaky woody dams, discretionary payments and Second Stage Payments.
The parties also agree to make suitable changes in the to the remaining Stage Payments and suitable extension of time for completion of the Works.
Milestone / Stage Payments The following deliverable(s) have been selected as significant events in the programme attracting payment to the value shown, on the date(s) given below: Milestone/ Stage No Title or description Due Date % Value £k (ex VAT) Continuation sheet attached (tick if appropriate) Final payment should be subject to a reasonable retention based on a percentage of the total cost of the Task Intellectual Property Rights Completion of this section is mandatory.