Application for Interim Payment Certificates Sample Clauses
The 'Application for Interim Payment Certificates' clause establishes the process by which a contractor can request partial payments for work completed during a project. Typically, the contractor submits periodic applications detailing the value of work performed and materials supplied up to a certain date, which are then reviewed and certified by the project manager or engineer. This clause ensures that contractors receive timely compensation for ongoing work, supporting cash flow and reducing financial strain during long-term projects.
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Application for Interim Payment Certificates. At that time, the Payment Certificate shall include the applicable reduction which shall be equivalent to, and in the same currencies and proportions as, this additional amount for the relevant Plant and Materials.
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of the period of payment stated in the Contract (if not stated, after the end of each month), in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the relevant report on progress, and in respect of payments 2, 3 and 4 (as those payments are described in the payment schedule set out in Attachment C to the Particular Conditions), the relevant certificate issued by the Engineer issued in accordance with sub-clause 4.21 [Progress Reports], as well as the statements issued by each Subcontractor performing construction works and confirming that no amounts are overdue from the Contractor as of the date of the issue of the statement. The Statement shall include the following items, as applicable, in the sequence listed:
(a) the contract value of the Works executed and the Contractor's Documents produced up to the end of the payment period (including Variations but excluding items described in sub-paragraphs (b) to (e) below);
(b) any amounts to be added and deducted for changes in legislation and changes in cost, in accordance with sub-clause 13.7 [Adjustments for Changes in Legislation];
(c) any amounts to be added for the payment by the Contractor of any taxes, duties and fees payable in Poland in respect of the execution of the Works in accordance with sub-clause 14.1 [Contract Price];
(d) any other additions or deductions which may have become due under the Contract or otherwise, including those under clause 20 [Claims and Disputes]; and
(e) the deduction of amounts certified in all previous Interim Payment Certificates. When submitting a Statement the Contractor shall also submit an invoice (such invoice to be in a form that is satisfactory to the Employer (acting reasonably) in respect of the amount claimed. Such invoice shall also include where any payment made pursuant to this Contract is subject to the addition of VAT details of the VAT payable at the rate currently in force at the date the invoice is submitted. Any such invoice shall include, where VAT is payable, the EU VAT numbers of both the Contractor and the Employer. For the avoidance of doubt any VAT payable shall be settled by the Employer.
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of each month, in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the report on the progress during this month in accordance with Sub-Clause 4.21 [Progress Reports]. The Statement shall include the following items, as applicable, which shall be expressed in the various currencies in which the Contract Price is payable, in the sequence listed:
(a) the estimated contract value of the Works executed and the Contractor’s Documents produced up to the end of the month (including Variations but excluding items described in sub-paragraphs (b) to (g) below);
(b) any amounts to be added and deducted for changes in legislation and changes in cost, in accordance with Sub-Clause 13.7 [Adjustments for Changes in Legislation] and Sub-Clause 13.8 [Adjustments for Changes in Cost];
(c) any amount to be deducted for retention, calculated by applying the percentage of retention stated in the Contract Data to the total of the above amounts, until the amount so retained by the Employer reaches the limit of Retention Money (if any) stated in the Contract Data;
(d) any amounts to be added for the advance payment and (if more than one instalment) and to be deducted for itsrepayments in accordance with Sub- Clause 14.2 [Advance Payment];
(e) any amounts to be added and deducted for Plant and Materials in accordance with Sub-Clause 14.5 [Plant and Materials intended for the Works];
(f) any other additions or deductions which may have become due under the Contract or otherwise, including those under Clause 20 [Claims, Disputes and Arbitration]; and
(g) the deduction of amounts certified in all previous Payment Certificates.
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of the period of payment stated in the Contract (if not stated, after the end of each month), in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the relevant report on progress, and in respect of payments 2, 3, 4 and 5 (as those payments are described in the payment schedule set out in Attachment C to the Particular Conditions), the relevant certificate issued by the Engineer issued in accordance with sub- clause 4.21 [Progress Reports], as well as the statements issued by each Subcontractor performing construction works and confirming that no amounts are overdue from the Contractor as of the date of the issue of the statement. The Statement shall include the following items, as applicable, in the sequence listed:
Application for Interim Payment Certificates. If the lists referred to In sub-paragraphs (b)(i) or (c)(i) below are not included in the Appendix to Tender, this Sub-Clause shall not apply. The Engineer shall determine and certify each addition if the following conditions are satisfied:
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of the period of payment stated in the Contract (if not stated, after the end of each month), in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the relevant report on progress, and in respect of payments 2, 3 and 4 (as those payments are described in the payment schedule set out in Attachment C to the Particular Conditions), the relevant certificate issued by the Engineer issued in accordance with sub- clause 4.21 [Progress Reports], as well as the statements issued by each Subcontractor performing construction works and confirming that no amounts are overdue from the Contractor as of the date of the issue of the statement. The Statement shall include the following items, as applicable, in the sequence listed:
(a) the contract value of the Works executed and the Contractor's Documents produced up to the end of the payment period (including Variations but excluding items described in sub-paragraphs (b) to (e) below);
(b) any amounts to be added and deducted for changes in legislation and changes in cost, in accordance with sub-clause 13.7 [Adjustments for Changes in Legislation];
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of the period of payment stated in the Contract (if not stated, after the end of each month), in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the relevant report on progress in accordance with Sub-Clause
Application for Interim Payment Certificates. In paragraph 1. Sub-clause 14.3 in the first sentence the wording "at the end of each month" shell be replaced with the wording "no later than 5th of the month for the previous month and not more frequent than once in a month". At the end of the Sub-clause 14.3 the following paragraph is added: "The Employer is obliged to ensure a certified tax confirmation before issuance of the monthly payment certificate, applying the procedure for VAT exemption, according to the Law on value added tax, ('Official Gazette of RS', Nos 84/04, 86/04 - correction, 61/05, 61/07, 93/12, 108/13, 68/14 - law, 142/14, 83/15, 108/16) and the Rulebook on ways and procedure for tax exemption of VAT with the right to exempt the previous tax (Official Gazette of RS, Nos 120/12, 40/15, 82/15, 86/15, 11/16, 21/17)"
Application for Interim Payment Certificates. The Contractor shall submit a Statement in six copies to the Engineer after the end of each month, in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents which shall include the report on the progress during this month in accordance with Sub-Clause 4.21 [Progress Reports]. The Statement shall include the following items, as applicable, which shall be expressed in the various currencies in which the Contract Price is payable, in the sequence listed:
(a) the estimated contract value of the Works executed and the Contractor’s Documents produced up to the end of the month (including Variations but excluding items described in sub-paragraphs (b) to (g) below);
(b) any amounts to be added and deducted for changes in legislation and changes in cost, in accordance with Sub-Clause 13.7 [Adjustments for Changes in Legislation] and Sub-Clause 13.8 [Adjustments for Changes in Cost];
(c) any amount to be deducted for retention, calculated by applying the percentage of retention stated in the Contract Data to the total of the above amounts, until the amount so retained by the Employer reaches the limit of Retention Money (if
Application for Interim Payment Certificates. Delete item (a) from paragraph two of Sub-Clause 14.3 and replace with the following:
(a) the estimated contract value of the Works executed as determined from the Bill of Quantities up to the end of the month (including Variations but excluding items described in subparagraphs (b) to (g) below.”