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DOW028 KZN DEPARTMENT OF PUBLIC WORKS Project File No.: WIMS No.: MAIN CONTRACTORS CESSION AND CLAIM FOR ADVANCE PAYMENT IN RESPECT OF UNFIXED MATERIALS ON SITE CONTRACT: PROGRESS PAYMENT CERTIFICATE.

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Examples of advanced payments Paying for a magazine subscription / streaming service for the full year rather than paying by the month. Paying monthly premiums to your insurance company in exchange for their protection later.

An advance payment, or simply an advance, is the part of a contractually due sum that is paid or received in advance for goods or services, while the balance included in the invoice will only follow the delivery.

Another example is in the music industry, where a record label can use recoupment to claim advances paid to artists, especially newly signed ones. Another scenario is in contract law, where a party to a contract seeks to recover funds due to a breach of contract or other discrepancies.

Recoupment is the act of recovering past investments or losses by selling an asset or a part thereof so that the proceeds from the sale are sufficient to cover the investment or loss.

REPAYMENT OF ADVANCES If an advance is made, the person shall repay the monies forthwith or upon such terms as the Board determines if a court adjudges that the person did not fulfil the conditions for entitlement to the advance.

Advance payment and upfront payment are similar, but advance payment usually refers to payment made before delivery or completion, while upfront payment refers to payment made at the beginning of a project or service.

Advancing payment due date means you will not have a monthly payment due for the number of months your account has been prepaid. For example, if your monthly payment is $150 and you pay $300 on your January due date, your next payment due date will be extended by one month to February.

Advance payment is a type of payment that is made to a contractor before work on a project begins. This type of payment can be used to cover the costs of materials, labor, overhead, and other project expenses.

To get a Budgeting Advance, you must have: been getting Universal Credit, Employment and Support Allowance, Income Support, Jobseeker's Allowance or State Pension Credit for six months or more, unless you need the money to help you start a new job or keep an existing job.

Recoupment for advance payment made are deducted from the Contractor's progress payments. All variation orders are justified, necessary, duly approved and the costs are reasonable. All adjustments to the contract price and contract price escalation are reasonable and calculated ing to the terms of the contract.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
Content Takedown Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
Industries
Forms in Spanish
Localized Forms
State-specific Forms
Forms Kit
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232