Milestone payment - Revision history

Editor at 17:52, 15 April 2021

2021-04-15T17:52:31Z

← Older revision		Revision as of 17:52, 15 April 2021
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	* Contract sum.		* Contract sum.
	* Cost value reconciliation.		* Cost value reconciliation.
		+	* Drawdown.
	* Final certificate.		* Final certificate.
	* Housing Grants, Construction and Regeneration Act.		* Housing Grants, Construction and Regeneration Act.

Designing Buildings at 06:03, 5 October 2020

2020-10-05T06:03:52Z

← Older revision		Revision as of 06:03, 5 October 2020
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	NB: The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contracts that exceed 45 days.		NB: The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contracts that exceed 45 days.

−	~~= Find out more =~~	+	= Related articles on Designing Buildings Wiki =
−		+
−	=== Related articles on Designing Buildings Wiki ===	+

	* Civil Engineering Procedure.		* Civil Engineering Procedure.
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	* Retention.		* Retention.

−	[[Category:Contracts_/_payment]]	+	[[Category:DCN_Definition]] [[Category:Contracts_/_payment]]

Editor at 15:26, 12 April 2018

2018-04-12T15:26:32Z

← Older revision		Revision as of 15:26, 12 April 2018
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	{\|		{\|
−	\|Payment to a contractor in a series of lump sums, each paid upon his achieving a ‘milestone’ – meaning a defined stage of progress. Use of the word milestone usually means that the payment is based upon progress in completing what the promoter (client) wants. Payment based upon achieving defined percentages of a contractor’s programme of activities is also known as a ‘planned payment’ scheme.	+	\| Payment to a contractor in a series of lump sums, each paid upon his achieving a ‘milestone’ – meaning a defined stage of progress. Use of the word milestone usually means that the payment is based upon progress in completing what the promoter (client) wants. Payment based upon achieving defined percentages of a contractor’s programme of activities is also known as a ‘planned payment’ scheme.
	\|}		\|}

−	NB The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contracts that exceed 45 days.	+	NB: The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contracts that exceed 45 days.

	= Find out more =		= Find out more =
Line 21:		Line 21:
	* Milestones.		* Milestones.
	* Payment notice.		* Payment notice.
		+	* Payment schedule.
	* Retention.		* Retention.

	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]

Designing Buildings at 12:01, 13 January 2017

2017-01-13T12:01:17Z

← Older revision		Revision as of 12:01, 13 January 2017
Line 5:		Line 5:
	\|}		\|}

−	NB The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) ~~include~~ provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on ~~contract in excess of~~ 45 days.	+	NB The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) includes provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contracts that exceed 45 days.

	= Find out more =		= Find out more =

Designing Buildings at 12:00, 13 January 2017

2017-01-13T12:00:02Z

← Older revision		Revision as of 12:00, 13 January 2017
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	* Interim certificate.		* Interim certificate.
	* Interim valuation.		* Interim valuation.
−	* ~~Milestone~~.	+	* Milestones.
	* Payment notice.		* Payment notice.
	* Retention.		* Retention.

	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]

Designing Buildings at 11:59, 13 January 2017

2017-01-13T11:59:37Z

← Older revision		Revision as of 11:59, 13 January 2017
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	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

−	~~<ul>~~	+	* Civil Engineering Procedure.
−	~~<li><p>~~Civil Engineering Procedure~~</p>~~	+	* Contract sum.
−	~~<p>~~Contract sum.~~</p>~~	+	* Cost value reconciliation.
−	~~<p>~~Cost value reconciliation.~~</p>~~	+	* Final certificate.
−	~~<p>~~Final certificate.~~</p>~~	+	* Housing Grants, Construction and Regeneration Act.
−	~~<p>~~Housing Grants, Construction and Regeneration Act.~~</p>~~	+	* Institution of Civil Engineers
−	~~<p>~~Institution of Civil Engineers~~</p>~~	+	* Interim certificate.
−	~~<p>~~Interim certificate.~~</p>~~	+	* Interim valuation.
−	~~<p>~~Interim valuation.~~</p>~~	+	* Milestone.
−	~~<p>~~Milestone.~~</p>~~	+	* Payment notice.
−	~~<p>~~Payment notice.~~</p>~~	+	* Retention.
−	~~<p>~~Retention.~~</p></li></ul>~~	+

	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]

Designing Buildings at 11:59, 13 January 2017

2017-01-13T11:59:19Z

← Older revision		Revision as of 11:59, 13 January 2017
Line 11:		Line 11:
	=== Related articles on Designing Buildings Wiki ===		=== Related articles on Designing Buildings Wiki ===

−	* Milestone.	+	<ul>
−	* Civil Engineering Procedure	+	<li><p>Civil Engineering Procedure</p>
−	* Contract sum.	+	<p>Contract sum.</p>
−	* Cost value reconciliation.	+	<p>Cost value reconciliation.</p>
−	* Housing Grants, Construction and Regeneration Act.	+	<p>Final certificate.</p>
−	* Institution of Civil Engineers	+	<p>Housing Grants, Construction and Regeneration Act.</p>
−	* Interim certificate.	+	<p>Institution of Civil Engineers</p>
−	* Final certificate.	+	<p>Interim certificate.</p>
−	* Interim valuation.	+	<p>Interim valuation.</p>
−	* Payment notice.	+	<p>Milestone.</p>
−	* Retention.	+	<p>Payment notice.</p>
		+	<p>Retention.</p></li></ul>

	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]

Designing Buildings at 11:58, 13 January 2017

2017-01-13T11:58:46Z

← Older revision		Revision as of 11:58, 13 January 2017
Line 12:		Line 12:

	* Milestone.		* Milestone.
		+	* Civil Engineering Procedure
	* Contract sum.		* Contract sum.
	* Cost value reconciliation.		* Cost value reconciliation.
	* Housing Grants, Construction and Regeneration Act.		* Housing Grants, Construction and Regeneration Act.
		+	* Institution of Civil Engineers
	* Interim certificate.		* Interim certificate.
	* Final certificate.		* Final certificate.
Line 20:		Line 22:
	* Payment notice.		* Payment notice.
	* Retention.		* Retention.
−
−

	[[Category:Contracts_/_payment]]		[[Category:Contracts_/_payment]]

Designing Buildings: Created page with "Civil Engineering Procedure, 7th edition, published by the Institution of Civil Engineers, defines the term ‘milestone payment’ or ‘planned progress payment’ as: {| |Pay..."

2017-01-13T11:56:20Z

Created page with "Civil Engineering Procedure, 7th edition, published by the Institution of Civil Engineers, defines the term ‘milestone payment’ or ‘planned progress payment’ as: {| |Pay..."

New page

Civil Engineering Procedure, 7th edition, published by the Institution of Civil Engineers, defines the term ‘milestone payment’ or ‘planned progress payment’ as:

{|
|Payment to a contractor in a series of lump sums, each paid upon his achieving a ‘milestone’ – meaning a defined stage of progress. Use of the word milestone usually means that the payment is based upon progress in completing what the promoter (client) wants. Payment based upon achieving defined percentages of a contractor’s programme of activities is also known as a ‘planned payment’ scheme.
|}

NB The Housing Grants, Construction and Regeneration Act 1996 (also known as the Construction Act) include provisions to ensure that payments are made promptly throughout the supply chain, including the right to be paid in interim, periodic or stage payments on contract in excess of 45 days.

= Find out more =

=== Related articles on Designing Buildings Wiki ===

* Milestone.
* Contract sum.
* Cost value reconciliation.
* Housing Grants, Construction and Regeneration Act.
* Interim certificate.
* Final certificate.
* Interim valuation.
* Payment notice.
* Retention.

[[Category:Contracts_/_payment]]