Progress payment
Türkçe: Hakediş
The interim payment document that turns the work a contractor completed in a period into a sum using unit prices and measured quantities.
// EXPLANATION
A progress payment is prepared from the measurements in the site book, quantity schedules and approved unit prices, then approved by the supervising party. Wrong or undocumented quantities lead to delayed payment and disputes.
// ALSO KNOWN AS
progress paymentinterim paymentpayment certificate
