释义 |
progress payment
progress payment n (Commerce) an instalment of a larger payment made to a contractor for work carried out up to a specified stage of the job progress paymentPayment made as work progresses under a contract, upon the basis of costs incurred, of percentage of completion accomplished, or of a particular stage of completion. The term does not include payments for partial deliveries accepted by the Government under a contract or partial payments on contract termination claims.
progress payment
progress paymentA partial payment made during progress of the work, 1 on account of work completed and/or materials suitably stored.MedicalSeepaymentLegalSeePayment |