nouna payment made as a particular stage of a contract is completed ExampleThe fifth progress payment is due in March.
Related information about progress payment:
- progress payment - The Free Dictionary
(Business / Commerce) an instalment of a larger payment made to a contractor for work carried out up to a specified stage of the job ...
- DCMA Guidebook - Progress Payments Based on Cost
The ACO determines the contractor's plan for submitting Progress Payment ... Progress payment requests are to be submitted and processed electronically in ...
- Subpart 32.5—Progress Payments Based on Costs
(a) The customary progress payment rate is 80 percent, applicable to the total ... permitted in paragraph (a) of this section an unusual progress payment; and ...
- progress payment: Definition from Answers.com
1. periodic payments to a supplier, contractor, or subcontractor for work satisfactorily performed to date.
- SUBPART 232.5—PROGRESS PAYMENTS BASED ON COSTS
Feb 24, 2012 ... (a) The customary progress payment rates for DoD contracts, including contracts that contain foreign military sales (FMS) requirements, are 80 ...
- progress payment - Macmillan English Dictionaries
Define progress payment in American English. What is progress payment? progress payment meaning and more by Macmillan Dictionary.
- Progress Payments Based on Costs [ACQuipedia]
For non-DoD procurements, the customary progress payment rate is 80 percent, which is based on the total costs of performing the contract. The customary rate ...
- Progress Payment, Cost Audit Program
The purpose of the progress payment audit is to verify the amounts claimed on SF ... (Contractor's Request for Progress Payment) to the contractor's accounting ...