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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As regards to the advantages of the proposed system, DIKO argues, the existing complex calculation system of road tax will be repealed while introducing a more simplified and fairer progressive payment system of road tax on vehicles, which will reflect the damage caused to the environment from the use of vehicles, and is based on 'the polluter pays' principle.
The Credit Card Store is a progressive payment processing business offering everything from standalone Credit Card Terminals, Touch Screen POS Systems, to Online Payment Gateways for eCommerce.
For instance, on the question of progressive payment (see question three in the survey), only forty nine percent of those surveyed said that they would accept this alternative payment method where payments are made to the supplier according to the stage of completion.
Although progressive payment is better than regressive payment--in which the rich pay less than their fair share--it is important to bear in mind that the bank bailout, whether it is progressively funded or not, is a severely regressive economic policy.
About First Capital Payments: First Capital Payments is a fast growing leader in progressive payment processing services.
Through a pilot program, Pizza Pizza will be the first Scotiabank client to adopt this progressive payment solution.
Eden has told Bursa Malaysia that the petition came as a surprise as the firm has been actively negotiating the payment terms with IRB, and it has been making progressive payments to settle the alleged income tax debt.
Camurus is eligible to receive an upfront payment and progressive payments of approximately USD65m, of which the majority are sales milestones.
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.
Review long term contractual obligations, agreements for successive supply, voucher systems and agreements which involve progressive payments.
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.

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