Construction Payments

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August 31, 2024 3 min read Definitions
Interim Payment: Progress Payments in Contract-Based Projects
Economics Finance Accounting Interim Payment Progress Payment Contract-Based Projects Project Financing Construction Payments
Interim Payment, also known as progress payments, refers to partial payments made periodically for a project, contract, or work in progress. These payments are typically used in construction, manufacturing, and other long-term contractual projects.
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