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progress payment
(redirected from Progress payments)

    Also found in: Dictionary/thesaurus, Financial 0.01 sec.
progress payment
A partial payment made during progress of the work, 1 on account of work completed and/or materials suitably stored.
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The STA focuses its activities on problems affecting subcontractors in public and private construction, including progress payments, bid-shopping, improper back charges, legislation, prevailing wage enforcement, lien laws, insurance and bonding, among other issues.
STA equipment exchange by Real Estate Weekly
Construction contracts generally embody a unique and complicated system of payment for work completed, consisting of progress payments coupled with retainage.
Construction progress payments and retainage by Davidson, Charles Darwin "Skip" / Arkansas Business
4 million in government contracts and then authorizing more than US$1 million in progress payments, despite little or no work having been performed.
Bribery, kickback scheme by Caribbean Update
 
 
 
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