Common use of Final Bill Clause in Contracts

Final Bill. 9.5.1 Preparation and Submission of Final Bill The Subcontractor will submit his final bill as per actual work done at site which works approved by Engineer/Employer/ Contractor after Taking-Over 中期账单的支付 每期账单最低支付限额为分包合同额 的 5% ，如不足将转入下次账单进行支付。 (b )承包商收到业主相应的计量款后将在 28 天内对分包商进行支付。 最终账单 最终账单的准备及提交 the 在分包工程交工后， 分包商依据现场实际完 成、由咨询 / 成、由咨询 /业主 /承包商批复的工程提交其 最终账单，该完成工程必须严格按照分包合 同的条款、条件 /规范执行。 subcontract works by the Contractor, and the work done must be strictly as per the terms and conditions/specifications of the Subcontract Agreement. The final bill will be supported with As-built Drawings,_x000C_detailed measurement sheets of work done, test reports and check requests etc. for verification and approval by the Employer/Engineer/ Contractor. Contractor has a right to deduct any amount against any item which is found not meeting the specifications or not executed at site but claimed by the Subcontractor in his IPCs or Final Bill. Payment of Final Bill The final bill will be released after successful handing over the completed project to the Employer and who has issued the Performance Certificate to the subcontract works, and the Subcontractor has made rectification of all defects so pointed out in the handing/taking over and occurs during the Defects Liability Period to the entire satisfaction of the Employer/Engineer/ Contractor. Retention Money Deduction of Retention Money The Contractor will deduct the Retention Money as amount calculated at 10% of such certificate until the amount so retained reaches the limit of retention money equivalent to 5% of the whole Subcontract price ； Refund of Retention Money The refund of Retention Money shall be followed the manners specified in the Main Contract as the Contractor received the T aking-Over certificate from the Employer and the related retention money also be repaid by the Employer, hereby which half amount of Retention Money can be released, then the remaining half amount shall be released only the completion of the completion of Defected Notified Period of the Main Contract. 最终账单需附有完工图纸， 详细的完成工作 的计量页，检测报告，以及工程报验单等， 由业主、工程师、承包商进行审核、批准。 如果发现某些项目未达到规范的要求， 或者 是没有实施， 但却出现在分包商的中期账单 中或最终账单中， 则承包商有权扣除这些工 程量。9.5.2 最终账单的支付 在已完成的项目成功移交并由业主颁发履 约证书，以及在工程移交过程中指定的缺陷 工程及在缺陷责任期间出现的缺陷工程的 修复完成，并达至业主 /工程师 最终账单需附有完工图纸， 详细的完成工作 的计量页，检测报告，以及工程报验单等， 由业主、工程师、承包商进行审核、批准。 如果发现某些项目未达到规范的要求， 或者 是没有实施， 但却出现在分包商的中期账单 中或最终账单中， 则承包商有权扣除这些工 程量。