Common use of Application for Final Payment Clause in Contracts

Application for Final Payment. Within 56 days after receiving the Performance Certificate, the Contractor shall submit, to the Contract Awarder, six copies of a draft final statement with supporting documents showing in detail in a form approved by the Contract Awarder: (a) the value of all work done in accordance with the Contract, and (b) any further sums which the Contractor considers to be due to him under the Contract or otherwise If the Contract Awarder disagrees with or cannot verify any part of the draft final statement, the Contractor shall submit such further information as the Contract Awarder may reasonably require and shall make such changes in the draft as may be agreed between them. The Contractor shall then prepare and submit to the Contract Awarder the final statement as agreed. This agreed statement is referred to in these Conditions as the "Final Statement". However if, following discussions between the Parties and any changes to the draft final statement which are agreed, it becomes evident that a dispute exists, the Contract Awarder shall pay the agreed parts of the draft final statement in accordance with Sub-Clause 14.6 [Interim Payments] and Sub-Clause 14.7 [Timing of Payments]. Thereafter, if the dispute is finally resolved under Sub-Clause 20.4 [Obtaining Dispute Adjudication Board's Decision] or Sub-Clause 20.5 [Amicable Settlement], the Contractor shall then prepare and submit to the Contract Awarder a Final Statement.

Appears in 2 contracts

Samples: Contract Agreement (Renewable Fuel Corp), Contract Agreement (Renewable Fuel Corp)

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Application for Final Payment. (a) Within 56 fifty-six (56) days after receiving the Performance Certificate, the Contractor shall submit, to the Contract AwarderEmployer, six copies of a draft final statement with supporting documents including all relevant Milestone Certificates showing in detail in a form approved by the Contract AwarderEmployer: (ai) the value of all work done in accordance with the Contract, and (bii) any further sums which the Contractor considers to be due to him it under the Contract or otherwise otherwise. (b) If the Contract Awarder Employer disagrees with or cannot verify any part of the draft final statement, the Contractor shall submit such further information as the Contract Awarder Employer may reasonably require and shall make such changes in the draft as may be agreed between them. The Contractor shall then prepare and submit to the Contract Awarder Employer the final statement as agreed. This agreed statement is referred to in these Conditions this Contract as the "Final Statement". ”. (c) However if, following discussions between the Parties and any changes to the draft final statement which are agreed, it becomes evident that a dispute exists, the Contract Awarder Employer shall pay the agreed parts of the draft final statement in accordance with Sub-Clause 14.6 [(Interim Payments] and Sub-Clause 14.7 [) a nd C xxxxx 14. 7 ( Timing of Payments]). Thereafter, if the dispute is finally th e d ispute i s f inally resolved under Sub-Clause 20.4 [20.3 (Obtaining Dispute Adjudication Board's the Expert’s Decision] ) or Sub-Clause 20.5 [(Amicable Settlement]), the Contractor shall then prepare and submit to the Contract Awarder Employer a Final Statement.

Appears in 1 contract

Samples: Engineering Procurement and Construction Contract

Application for Final Payment. Within 56 42 days after receiving the Performance Certificate, the Contractor shall submit, to the Contract AwarderEmployer, six copies of a draft final statement with supporting documents showing in detail in a form approved by the Contract Awarderdetail: (a) the value of all work done in accordance with the Contract, ; and (b) any further sums which the Contractor considers to be due to him under the Contract or otherwise otherwise. If the Contract Awarder Employer disagrees with or cannot verify any part of the draft final statement, the Contractor shall submit such further information as the Contract Awarder Employer may reasonably require and shall make such changes in the draft as may be agreed between them. The Contractor shall then prepare and submit to the Contract Awarder Employer the final statement as agreed. This agreed statement is referred to in these Conditions as the "Final Statement". However if, following discussions between the Parties and any changes to the draft final statement which are agreed, it becomes evident that a dispute exists, the Contract Awarder Employer shall pay the agreed parts of the draft final statement in accordance with Sub-Clause 14.6 [Interim Payments] and Sub-Clause 14.7 14.5 [Timing of Payments]. Thereafter, if the dispute is finally resolved under Sub-Clause 20.4 [Obtaining Dispute Adjudication Board's Decision] or Sub-Clause 20.5 20.3 [Amicable Settlement], the Contractor shall then prepare and submit to the Contract Awarder Employer a Final Statement.

Appears in 1 contract

Samples: Contract Agreement (Asia Satellite Telecommunications Holdings LTD)

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Application for Final Payment. Certificate Within 56 days after receiving the Performance Certificate, the Contractor shall submit, to the Contract AwarderEngineer, six copies of a draft final statement with supporting documents showing in detail in a form approved by the Contract Awarder: (a) Engineer: the value of all work done in accordance with the Contract, and (b) and any further sums which the Contractor considers to be due to him under the Contract or otherwise otherwise. If the Contract Awarder Engineer disagrees with or cannot verify any part of the draft final statement, the Contractor shall submit such further information as the Contract Awarder Engineer may reasonably require within 28 days from receipt of the said draft and shall make such changes in the draft as may be agreed between them. The Contractor shall then prepare and submit to the Contract Awarder Engineer the final statement as agreed. This agreed statement is referred to in these Conditions as the "Final Statement". However if, following discussions between the Parties Engineer and the Contractor and any changes to the draft final statement which are agreed, it becomes evident that a dispute exists, the Contract Awarder Engineer shall pay deliver to the Employer (with a copy to the Contractor) an Interim Payment Certificate for the agreed parts of the draft final statement in accordance with Sub-Clause 14.6 [Interim Payments] and Sub-Clause 14.7 [Timing of Payments]statement. Thereafter, if the dispute is finally resolved under Sub-Clause 20.4 20 [Obtaining Dispute Adjudication Board's Decision] or Sub-Clause 20.5 [Amicable SettlementClaims, Disputes and Arbitration], the Contractor shall then prepare and submit to the Contract Awarder Employer (with a copy to the Engineer) a Final Statement.

Appears in 1 contract

Samples: Contract Agreement

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