Common use of Payment Certificates Clause in Contracts

Payment Certificates. 42.1 The Contractor shall submit to the Engineer monthly statements of the estimated value of the work completed less the cumulative amount certified previously. 42.2 The Engineer shall check the Contractor's monthly statement and within 14 days certify the amount to be paid to the Contractor after taking into account any credit or debit for the 42.3 The value of work executed shall be determined by the Engineer after due check measurement of the quantities claimed as executed by the contractor. 42.4 The value of work executed shall comprise the value of the quantities of the items in the Bill of Quantities completed. 42.5 The value of work executed shall include the valuation of Variations and Compensation Events. 42.6 The Engineer may exclude any item certified in a previous certificate or reduce the proportion of any item previously certified in any certificate in the light of later information.

Appears in 2 contracts

Samples: Restructuring and Modernisation Agreement, Restructuring and Modernization Agreement

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Payment Certificates. 42.1 The Contractor shall submit to the Engineer monthly statements of the estimated value of the work completed less the cumulative amount certified previously. 42.2 The Engineer shall check the Contractor's monthly statement and within 14 days certify the amount to be paid to the Contractor after taking into account any credit or debit for the 42.3 The value of work executed shall be determined by the Engineer after due check measurement of the quantities claimed as executed by the contractor. 42.4 The value of work executed shall comprise the value of the quantities of the items in the Bill of Quantities completed... 42.5 The value of work executed shall include the valuation of Variations and Compensation Events. 42.6 The Engineer may exclude any item certified in a previous certificate or reduce the proportion of any item previously certified in any certificate in the light of later information.

Appears in 2 contracts

Samples: Restructuring and Modernization of Distribution System of Kethan Tank, Restructuring and Modernization of Distribution System of Kethan Tank

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Payment Certificates. 42.1 42.1. The Contractor shall submit to the Engineer monthly statements of the estimated value of the work completed less les the cumulative amount certified previously. 42.2 The Engineer shall check the Contractor's monthly statement and within 14 days certify the amount to be paid to the Contractor after taking into account any . credit or debit for thethe month in question in respect of materials for the works in the relevant amounts and under conditions set forth in sub-clause 51(3) of the Contract Data (Secured advance). The payment will be made according to the availability of fund. 42.3 42.3. The value of work executed shall be determined by the Engineer after due check measurement of the quantities claimed as executed by the contractorEngineer. 42.4 42.4. The value of work executed shall comprise the value of the quantities of the items in the Bill of Quantities completed. 42.5 42.5. The value of work executed shall include the valuation of Variations variations and Compensation Events. 42.6 42.6. The Engineer may exclude any item certified in a previous certificate or reduce the proportion of any item previously certified in any certificate in the light of later information.

Appears in 1 contract

Samples: Bid Document

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