How is Mobilization Advance defined in a legal contract?
- Mobilization Advance means an advancement paid for services that will be provided in the future, secured by a bank guarantee and valid until the advance is cleared by subsequent invoices. Seen in 10 SEC filings
- Mobilization Advance means an up-front payment, amounting to a fraction of the total cost, to get a project started and execute construction work. Seen in 1 SEC filing
- Mobilization Advance means the amount identified for advance payment to the contractor as per the financial arrangements. Seen in 1 SEC filing
- Mobilization Advance means the initial payment made to the contractor as described in the contract arrangements. Seen in 1 SEC filing
- Mobilization Advance means a payment made in advance, equivalent to a percentage of the project cost, for the start-up and execution of construction work in line with the contract. Seen in 1 SEC filing
- Mobilization Advance means the initial payment made by an authority to the contractor according to the terms set forth in a schedule within the contract. Seen in 1 SEC filing
- Mobilization Advance means the initial sum paid by the contracting authority to the contractor, following certain terms. Seen in 1 SEC filing
Please find the information from my parsing, deconstructing, and summarizing of text from legal contract definitions.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of mobilization advance' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
Mobilization Advance means an initial payment made to start a project, represented by a percentage of the total cost.
Relevant Contract Types
Relevant Circumstances
- Startup of large infrastructure projects
- Progress of long-term development projects
Relevant Sectors
Genie Definition 2
Mobilization Advance means a payment in advance for future services, secured by a valid bank guarantee until cleared.
Relevant Contract Types
Relevant Circumstances
- Availing services from consulting firms
- Contracting with vendors for long-term services
- Project Forecasts
Relevant Sectors
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Mobilization Advance means an initial payment made to start a project, represented by a percentage of the total cost
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