Application for Payment for Material Completion Sample Clauses

The 'Application for Payment for Material Completion' clause defines the process by which a contractor formally requests payment upon reaching the stage of material completion in a project. Typically, this involves the contractor submitting a detailed application or invoice to the client or contract administrator, demonstrating that the work has reached the agreed-upon level of completion and providing supporting documentation as required. This clause ensures that payments are only made when substantial progress has been achieved, thereby protecting the interests of both parties and providing a clear mechanism for financial transactions at a key project milestone.