- Project plans
- Project activities
- Legislation and standards
- Industry context
Last edited 12 Apr 2018
|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.
 Find out more
 Related articles on Designing Buildings Wiki
Featured articles and news
Dynamo packages data ready for Revit.
How does EVA rate a project's progress?
How can it benefit the built environment?
The benefits of early contractor involvement.
Why it is so important for health and wellbeing.
A highly effective method of managing supply chains.
How it can benefit construction.
Free guide to commissioning for site managers published by NHBC and BSRIA.
Resolving quickly to minimise delay and costs.
Tackling domestic abuse.
Disallowed costs vs. defined costs. Which is which?