progress payments

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Progress payments

Periodic payments to a supplier, contractor, or subcontractor for work as it is completed as desired, in order to reduce working capital requirements.

Progress Payments

The act or practice of paying a contractor in installments as different stages of work are completed, rather than providing a single lump sum at the completion of the project. Progress payments reduce the client's working capital needs for the project.

progress payments

a contractual arrangement common to large construction projects whereby payment for work done is made at predetermined stages along the route to completion.

progress payments

Payments to a contractor or developer based on the stage of completion of the project.

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MARC notes that given that the sale proceeds from the commercial units and progressive payments for the hospital development will largely fund the overall construction costs of MYR 471 million, weak sales and construction delay could impact project cash flow and timely project completion.
Fifth Third Processing Solutions is a progressive payments processor, and we are pleased to partner with them as they introduce eCapture mobile check deposit solutions to their customers," said Jim McShea, Chief Revenue Officer, 3i Infotech, North America.
OEMs that facilitate progressive payments to vendors rather than waiting for PPAP are companies with the greatest degree of cost transparency with suppliers.
Under the terms of the license agreement, Ipsen will receive progressive payments of up to U.
The Authority expects to reclassify certain expenses that should have originally either offset revenues directly or increased promotional allowances including complimentary services for our patrons, employee discounts, E-coupons given to patrons, and wide area progressive payments.
Furthermore, we intend to take advantage of the government's Progressive Payments program, where the company can collect up to 80% of the government contract's total value - including built-in profits - prior to the delivery of the ordered items.
Over a period of 36 months, Cambiex must make progressive payments totalling US $200,000 of which US $30,000 must be paid in the first year.

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