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Topic No.: 700050010 Construction Project Administration Manual Contract PaymentEffective: August 1, 1999, Revised: November 30, 2018Section 6.2 ALTERNATIVE CONTRACTS 6.2.1PurposeThis section provides
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Contract payment is the payment made by one party to another as part of a legal agreement or contract.
The party responsible for making the payment is typically required to file the contract payment.
Contract payments are typically filled out using a specific form provided by the relevant authorities or organization.
The purpose of contract payment is to ensure that agreed upon payments are made in accordance with the terms of the contract.
Typically, the amount of the payment, the parties involved, the date of payment, and any relevant details about the contract must be reported on the contract payment form.
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