An Employer S and Engineer S Guide To The FIDIC Conditions of Contract - 2013 - Robinson - Preparation of Interim Payment
An Employer S and Engineer S Guide To The FIDIC Conditions of Contract - 2013 - Robinson - Preparation of Interim Payment
An Employer S and Engineer S Guide To The FIDIC Conditions of Contract - 2013 - Robinson - Preparation of Interim Payment
Appendix F
Preparation of Interim Payment Certificates
General
A separate calculation sheet will need to be prepared for the payments due
to nominated Subcontractors. This calculation sheet includes the percentage
on-cost due to the Contractor. It is possible that the ratio between foreign
currency and local currency will differ from that fixed for the Works.
Appendix F
The Employer and the Engineer will need to decide if payment for varied works
shall be included in the general evaluation of the Works or shown separately. It
is likely that there will be a unique ratio between foreign currency and local
currency. Further, if the Employer has a restricted budget, he may require that
the amounts expended are highlighted under this separate heading.
Since this item refers to the valuation of Materials on Site, it will be necessary
to measure the amounts of Materials actually on Site at the end of the
measurement period. The Contractor has to demonstrate that the Materials
comply with the requirements of the Contract. Values for site manufactured
Materials have to be negotiated.
Appendix F
returned. The Engineer is entitled to withhold certification of the estimated
cost of outstanding work until it has been completed. The calculation of the
amount to be returned in respect of Sections or Parts is a little more
complicated than for the whole of the Works as indicated in the following
table.
10.1002/9781118385562.app6, Downloaded from https://onlinelibrary.wiley.com/doi/10.1002/9781118385562.app6 by INASP - KENYA, Wiley Online Library on [20/02/2024]. See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons License
158 Appendices
Balance 50 60 60
|
Repayment due on expiry of the |
Defects Notification Period for a |
Section - 40*-----------------------|
| Payable only when
| parts comprise a
| whole section
Repayment due on expiry of the |
Defects Notification Period for the |
whole of the Works 50----------------------|
*These portions are calculated by dividing the estimated contract value of the Section or part by the
estimated final Contract Price.
1 Parts
1.1 An initial 40% is due on taking over.
1.2 A second 40% is due once the last of the Defects Notification Periods of the
Appendix F
2 Sections
2.1 An initial 40% is due on taking over.
2.2 A second 40% is due once the Defects Notification Period for the Section
expires.
2.3 The remaining 20% for all Sections is due once the Defects Notification
Period forthe last Section expires.
3 Whole
3.1 The first 50% is due on taking over.
3.2 The second 50% is due once the Defects Notification Period for the whole
of the Works expires.
10.1002/9781118385562.app6, Downloaded from https://onlinelibrary.wiley.com/doi/10.1002/9781118385562.app6 by INASP - KENYA, Wiley Online Library on [20/02/2024]. See the Terms and Conditions (https://onlinelibrary.wiley.com/terms-and-conditions) on Wiley Online Library for rules of use; OA articles are governed by the applicable Creative Commons License
Appendix F 159
Subtotal (1)
Deduct Retention Money (Limit …%)
Subtotal (2)
Add Return of Retention Money
Subtotal (3)
Add Advance Payment
Subtotal (4)
Deduct Repayment of Advance
Appendix F
Subtotal (5)
Deduct Amounts Previously Certified