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PROGRESS PAYMENTS FOR OTHER THAN SMALL BUSINESS CONCERNS — TOTAL COSTS (1-97)
Progress payments shall be made to the subcontractor when requested as work progresses, but not
more frequently than
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What is progress payments shall be?
Progress payments are partial payments made to a contractor during a project, based on the percentage of work completed.
Who is required to file progress payments shall be?
Contractors and subcontractors are required to file progress payments.
How to fill out progress payments shall be?
Progress payments are typically filled out using a standard form provided by the contracting agency or organization.
What is the purpose of progress payments shall be?
The purpose of progress payments is to ensure that contractors and subcontractors are paid in a timely manner for work completed.
What information must be reported on progress payments shall be?
Progress payments must include details on the work completed, materials used, and any changes to the original contract.
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