Amount to be deducted for retention shall be 5% of progress payment stated in the Interim Payment certificate. 根据预付款包函相当于进度付款数量5%的保留金将被扣除。 www.showxiu.com 2. Failure of Contractor to comply with the above data requirements will entitle Company to withhold any progress pa...
don't pay advance payment,progress paymentand price difference in purchased materials via procurement agent as per contractual specifications influences construction progress.───未按合同规定拨付预付款、工程进度款、代购材料价差款而影响施工进度的。
In the construction industry, a progress payment is a partial payment made to a business or contractor after the completion of a predefined stage of work — for example, a demolition or the addition of a roof and siding. These installments replace other approaches, such as a single, lump-sum...
1)progress payment工程进度款 1.Settlement ofprogress paymentpIays an extremely important role in con-struction management of overseas projects, which will be carried out completelythrougout the construction life of a project.工程进度款结算贯穿于实施工程项目的始终,在涉外承包工程的项目经营管理工作中占有相...
Progress Payment, in which contractors are paid at intervals based on work performed and incorporating agreed variation orders, is designed to ensure smooth and rapid currency circulation and to develop higher quality construction through closer relations between the employer and the contractor.Two ...
progress payment noun :a partial payment made under a construction contract as the project goes forward Expand your vocabulary and dive deeper into language withMerriam-Webster Unabridged. Expanded definitions Detailed etymologies Advanced search tools ...
: a partial payment made under a construction contract as the project goes forward The Ultimate Dictionary Awaits Expand your vocabulary and dive deeper into language with Merriam-Webster Unabridged. Expanded definitions Detailed etymologies Advanced search tools All ad-free Discover what makes Merriam...
My husband works in construction, and his boss learned the hard way that he should always get lien releases. The person they were building a house for kept putting off payment, saying that he would have the money the following week, and the workers were getting antsy. His boss thought th...
by pledgeofconstruction in progress(seenote 18) and prepaid lease payment (see note [...] gdc-world.com gdc-world.com 於二零零九年十二月三十一日,本集團未提取借款約人民幣141,000,000元(相當於約160,22 7,000港元)以在建工程(見附註18)及預付租賃款項(見附註21)作抵押,按中國人民銀行人民幣貸款...
a contractual arrangement common to large construction projects whereby payment for work done is made at predetermined stages along the route to completion. Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005