In cases where the contractor shall proceed properly to perform and complete his contract, the chief procurement officer may from time to time, as the work progresses, grant to such contractor an estimate of the amount already earned. This shall entitle the holder to receive the amount that may be due thereon when the money applicable to the payment of such work shall be available and the conditions annexed to such estimate, if any, shall have been satisfied.
(Prior code § 26-12; Amend Coun. J. 7-19-00, p. 38206, § 1)