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Definitions from the Web

Mobilization Payment

Description:

Mobilization payment refers to an upfront sum of money paid by a client or organization to a contractor or service provider at the commencement of a project. It helps the contractor cover initial expenses, prepare for work, and ensure the smooth start of the project.

Sample Sentences:

• Before the construction work begins, the client provides a mobilization payment to the contractor to secure necessary resources.
• The mobilization payment received from the client allowed the service provider to purchase materials and hire skilled workers for the project.
• As a mobilization payment, the upfront amount is typically a percentage of the total project cost.
• In order to initiate the project smoothly, the contractor requested a mobilization payment along with the signed agreement.

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