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Law

Of or pertaining to the system of rules which a particular country or community recognizes as regulating the actions of its members and which it may enforce by the imposition of penalties.

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Law > Contracts

progressive payments

Law; Contracts

Part payments made to a contractor at different stages as the work (or delivery) progresses, instead of making one full payment on the completion. Also called progress payments.

progress payments

Law; Contracts

This is an alternative term for progressive payments.

project contracts

Law; Contracts

Set of various agreements that underlie a project.

project delivery system

Law; Contracts

Method by which a project is contracted for construction, such as design-build, design-bid-build, design-build-operate, turnkey.

project owner

Law; Contracts

Entity that initiates a project, finances it, contracts it out, and benefits from its output(s). Also called just owner.

project financing

Law; Contracts

Loan arrangement in which the repayment is derived primarily from the project's cash flow on completion, and where the project's assets, rights, and interests are held as ...