Payment procedures

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Afiqah Samsuri introducing CLAIM OR PROGRESS PAYMENT

Transcript of Payment procedures

Afiqah Samsuri

introducing

CLAIM OR PROGRESS PAYMENT

Provision in Contract

JKRClause 28.0 PAM

Clause 30.0

Procedure before issuing Interim Payment Cert (JKR 203A)1

1. Set date of valuation progress work. Agreed by both parties.2. Valuation method for general works (Initial Payment, Recurring Payment,

Final Payment).3. Works that executed according to the contract will be paid. 4. Valuation to the Materials on site/ at location stated in document. Paid

up to 90%.5. Valuation must take into account the variation works.6. Variation of Price must be made using method according to provision

made in the Contract.7. the S.O. under conditions the amount must not be more than the invoice.8. Direct payment from Government to the NSC.

Cl 28.0Payment To Contractor & Interim Cert

1. Within 14 days after valuation, S.O. shall issue Interim Certificate.2. Within amount of time stated in Appendix to COC (If none stated

assumed 30 days), Government shall make payment to the Contractor.

PRELIMINARIES VALUATION

2 Procedure before issuing Interim Payment Cert (PAM 2006)

1. Contractor shall submit application or Interim Claim with complete details & particulars required.

2. QS shall make a valuation.3. Within 12 days Architect shall issue Interim Certificate to Employer &

copy to Contractor.4. Employer shall then pay Contractor within Period of Honoring Certificate

(usually 30 days if not stated).5. Failure for Contractor to submit payment application may let Architect

not to issue any Interim Certificate.

Cl 30.1Payment Application & Issuance of Architect’s Cert

Total value of work properly executed

Value of materials & goods (up until the date of Contractor application)

Any retained amount (Retention Fund)

Previous Payment

*Materials & goods must be properly stored & protected at the site. **Payment to NSC will be done by MC (Cl 27.5)

Cl 30.2Amount due in Architect’s Cert

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