Common use of Progress Payments and Retention Clause in Contracts

Progress Payments and Retention. Contractor shall pay Subcontractor progress payments monthly, subject to retention of up to 10 % (Ten percent). Subcontractor shall submit to Contractor a payment request that shall include an invoice for Work completed and partial lien waivers and releases for all labor and materials furnished by Subcontractor, its sub-subcontractors, and suppliers. Contractor shall pay Subcontractor within thirty (30) days following Contractor's receipt of payment from Customer for Subcontractor's Work.