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单词 progress payment
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 payment

Payment 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 payment

A partial payment made during progress of the work, 1 on account of work completed and/or materials suitably stored.
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更新时间:2024/12/22 21:28:31