what rate?
(14.2)
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Clause 14: Contract Price and Payment
Discussion :
• When should the Contractor apply for interim payment?
13
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Clause 14: Contract Price and Payment
(14.7)
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Clause 14: Contract Price and Payment
Discussion :
• What if the payment is delayed?
(14.8)
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• How? • What does the statement usual
cover?
(14.3)
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Clause 14: Contract Price and Payment
Discussion :
• What is a schedule of payments? • Are the amounts in the Schedule
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Clause 14: Contract Price and Payment
Discussion :
• Is the Red Book of a lump-sum contract or a unit price contract?
• Difference between Contract Price and Accepted Contract Amount?
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Clause 13: Variation and Adjustments
Clause 13 consists of 8 sub-clauses:
6. Issue of Interim Payment Certificates 7. Payment 8. Delayed Payment 9. Payment of Retention Money 10. Statement at Completion
(14.1)
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Clause 14: Contract Price and Payment
Discussion :
• Why is Contractor required to submit a breakdown of each lump sum in BOQ/Schedules after commencement?
国际工程合同与合同管理
Contract Management
for International Construction
国际工程合同与合同管理 2020/8/12
ZHANG SHUIBO
School of Management, TJU
Feb, 2006
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Clause 14: Contract Price and Payment
Clause 14 consists of 15 sub-clauses:
1. The Contract Price 2. Advance Payment 3. Application for Interim Payment Certificates 4. Schedule of Payments 5. Plant and Materials Intended for the Works
(14.5)
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Clause 14: Contract Price and Payment
Discussion :
• When is the money for plants and materials paid in the Contract?
(14.1)
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Clause 14: Contract Price and Payment
Discussion :
• What is advance payment? • Any advance payment guarantee? • When is advance paid back? At
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Clause 13: Variation and Adjustments
Clause 13 consists of 8 sub-clauses:
11. Application for Final Payment Certificate 12. Discharge 13. Issue of Final Payment Certificate 14. Cessation of Employer’s Liability 15. Currencies of Payment
(14.5)
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Clause 14: Contract Price and Payment
Dቤተ መጻሕፍቲ ባይዱscussion :
• When is advance payment made? • Interim payment? • Final payment?
subject to change? • Do you know of term “cash flow”?
(14.4)
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Clause 14: Contract Price and Payment
Discussion :
• When is the money for plants and materials paid in the Contract?