Common use of PAYMENT OF FINAL BILL Clause in Contracts

PAYMENT OF FINAL BILL. The final bill shall be submitted, by the contractor within three months of physical completion of the works, No further claims shall be made by the contractor after submission of the Final Bill and these shall be deemed to have been waived and extinguished. Payment of those items of the bill in respect of which there is no dispute and of items in dispute, for quantities and rates as approved by the Chief Engineer, NRDA shall be made within a reasonable period as may be necessary for the purpose of verification etc.

PAYMENT OF FINAL BILL. The final bill shall be submitted, by the contractor within three months of physical completion of the works, No further claims shall be made by the contractor after submission of the Final Bill and these shall be deemed to have been waived and extinguished. Payment of those items of the bill in respect of which there is no dispute and of items in dispute, for quantities and rates as approved by the Chief EngineerEngineer ( Engg), NRDA shall be made within a reasonable period as may be necessary for the purpose of verification etcetc .