Payment Statements. The Contract Administrator: must, within 10 business days of receiving a payment claim submitted or purported to be submitted in accordance with clause 9.2; or may, if the Consultant fails to submit any such claim in accordance with clause 9.2, at any time, give the Consultant (with a copy to the Principal), on behalf of the Principal, a payment statement which is in the form set out in the Schedule of Collateral Documents and which states: the payment claim to which it relates (if any); the Consultant's total value of entitlement to payment under the Contract; the amount already paid to the Consultant; the amount (if any) which the Contract Administrator believes to be then payable by the Principal to the Consultant on account of the Fee and otherwise in accordance with the Contract and which the Principal proposes to pay to the Consultant; and if the amount in paragraph (f) is less than the amount claimed in the payment claim: the reason why the amount in paragraph (f) is less than the amount claimed in the payment claim; and if the reason for the difference is that the Principal has retained, deducted, withheld or set-off payment for any reason, the reason for the retention, deduction, withholding or setting-off. Any evaluation, or issue of a payment statement, by the Contract Administrator will not constitute: approval of any Services nor will it be taken as an admission or evidence that the part of the Services covered by the payment statement has been satisfactorily carried out in accordance with the Contract; or
Appears in 2 contracts