milestone payment co to jest
ABAP definicja milestone payment. Co znaczy specific goal in an agreeement is determined, and when.
Znaczenie milestone payment definicja.

Czy przydatne?

Definicja milestone payment

Co znaczy:

Funding arrangement where a specific goal in an agreeement is determined, and when fulfilled and verified, a defined percentage amount is paid to the grantee from the grant's authorized funds.

Example

A grant is awarded to a contractor to build low-income housing. In the agreement, specific targets are set for the completion of the project, such as having a percentage of the houses ready to live in by a specified date. This is a milestone, that if reached on time and to the satisfaction of the grantor, triggers a payment to the grantee for the costs incurred.

Słownik i definicje SAPa na M.