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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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.
Payments will be made for completed work in progressive payments with the County retaining five percent (5%) of each payment until final acceptance of the Project.
27m) and is eligible to receive a near term milestone payment of USD5m, as well as progressive payments of up to USD67m upon achievement of specific development, regulatory and commercial milestones.
Under the terms of the licence agreement Ipsen will receive progressive payments of up to USD80m upon the achievement of certain development and commercial milestones plus royalties on future sales of the products.
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.
Ipsen will receive progressive payments of up to USD80m under the terms of the license upon the achievement of certain development and commercial milestones and royalties on future sales of the products.
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.

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