Common use of Payment of the Contract Price Clause in Contracts

Payment of the Contract Price. 21.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price. 21.1.2. The Contract Price is inclusive of: a. all costs, expenses, disbursements, levies and taxes incurred by the Contractor in carrying out and completing the Works; and b. all ancillary and other works and expenditure, whether separately or specifically mentioned or described in the Contract Documents or not, which are necessary to carry out and bring to completion the Works as described in the Contract Documents. 21.1.3. The Contract Price will be paid progressively by progress payments monthly upon the Contractor performing the Works to the satisfaction of the Principal‟s Representative. 21.1.4. The Contractor must at the end of each month during the term of this Contract prepare and submit to the Principal‟s Representative for approval and payment a correct tax invoice for the Works completed in the previous month. 21.1.5. The tax invoice shall set out the Contractor‟s claim for that part of the Contract Price that it considers payable for Works completed during the relevant month. 21.1.6. The form and content of the tax invoice shall be determined by the Principal. 21.1.7. Whenever called upon so to do by the Principal‟s Representative, the Contractor must: a. provide additional information and documentation; and b. allow access to all records relating to the Works, in order to check the accuracy of the tax invoices submitted by the Contractor. 21.1.8. The Principal‟s Representative may inspect the works and seek advice on the claimed invoiced works. 21.1.9. The Principal‟s Representative will assess tax invoices submitted by the Contractor and, subject to this clause 21, pay the amount claimed or such proportion thereof that it considers payable within 30 days of receipt. 21.1.10. Where the amount determined as payable by the Principal‟s Representative is less than the amount claimed by the Contractor, the Principal‟s Representative will provide to the Contractor with written reasons for the difference. 21.1.11. If the Principal exercises its rights under this clause, the 30 day period for payment will be extended by a period equivalent to that which it takes the Contractor to rectify any deficiency in a tax invoice or performance of the Works to the satisfaction of the Principal. 21.1.12. The Principal may, without derogating from any other right it may have, defer assessing a tax invoice or paying the amount payable thereunder until the Contractor has completed to the satisfaction of the Principal the whole or any part of the Works in accordance with this Contract to which the tax invoice relates. 21.1.13. Any payment of the Contract Price made to the Contractor will not be taken as evidence against or as an admission by the Principal that the Works have been carried out in accordance with this Contract or of the value thereof, but will be taken to be payment on account only and no payment will be deemed to release the Contractor from the requirements of this Contract. 21.1.14. Within 14 days after the expiry of the Defects Liability Period as varied under this Contract, the Contractor must lodge a final claim for a progress payment under this clause 21, which claim includes all moneys to which the Contractor considers itself entitled in connection with this Contract 21.1.15. After the expiry of the period in clause 21.1.14, any claim which the Contractor may otherwise have made against the Principal and which has not been made is barred. 21.1.16. Within 14 days after the lodgement of a final claim under clause 21.1.14 or, where the Contractor fails to lodge such a claim, the expiry of the period in which such a claim may have been lodged by the Contractor, the Principal‟s Representative shall issue a final payment certificate certifying the amount, which in the Principal‟s Representative‟s opinion, is finally due from the Principal to the Contractor or from the Principal to the Contractor or arising out of or in connection with this Contract.

Payment of the Contract Price. 21.1.120.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price. 21.1.220.1.2. The Contract Price is inclusive of: a. all costs, expenses, disbursements, levies and taxes incurred by the Contractor in carrying out and completing the Works; and b. all ancillary and other works and expenditure, whether separately or specifically mentioned or described in the Contract Documents or not, which are necessary to carry out and bring to completion the Works as described in the Contract Documents. 21.1.320.1.3. The Contract Price will be paid progressively by progress payments monthly upon the Contractor performing the Works to the satisfaction of the Principal‟s Representative. 21.1.420.1.4. The Contractor must at the end of each month during the term of this Contract prepare and submit to the Principal‟s Representative for approval and payment a correct tax invoice for the Works completed in the previous month. 21.1.520.1.5. The tax invoice shall set out the Contractor‟s claim for that part of the Contract Price that it considers payable for Works completed during the relevant month. 21.1.620.1.6. The form and content of the tax invoice shall be determined by the Principal. 21.1.720.1.7. Whenever called upon so to do by the Principal‟s RepresentativeRepresentative or the Project Manager, the Contractor must: a. provide additional information and documentation; and b. allow access to all records relating to the Works, in order to check the accuracy of the tax invoices submitted by the Contractor. 21.1.820.1.8. The Principal‟s Representative may ask a Contract Administrator to inspect the works and seek provide advice on the claimed invoiced works. 21.1.920.1.9. The Principal‟s Representative will assess tax invoices submitted by the Contractor and, subject to this clause 2120, pay the amount claimed or such proportion thereof that it considers payable within 30 days of receipt. 21.1.1020.1.10. Where the amount determined as payable by the Principal‟s Representative is less than the amount claimed by the Contractor, the Principal‟s Representative will provide to the Contractor with written reasons for the difference. 21.1.1120.1.11. If the Principal exercises its rights under this clause, the 30 day period for payment will be extended by a period equivalent to that which it takes the Contractor to rectify any deficiency in a tax invoice or performance of the Works to the satisfaction of the Principal. 21.1.1220.1.12. The Principal may, without derogating from any other right it may have, defer assessing a tax invoice or paying the amount payable thereunder until the Contractor has completed to the satisfaction of the Principal the whole or any part of the Works in accordance with this Contract to which the tax invoice relates. 21.1.1320.1.13. Any payment of the Contract Price made to the Contractor will not be taken as evidence against or as an admission by the Principal that the Works have been carried out in accordance with this Contract or of the value thereof, but will be taken to be payment on account only and no payment will be deemed to release the Contractor from the requirements of this Contract. 21.1.1420.1.14. Within 14 days after the expiry of the Defects Liability Period as varied under this Contract, the Contractor must lodge a final claim for a progress payment under this clause 2120, which claim includes all moneys to which the Contractor considers itself entitled in connection with this Contract 21.1.1520.1.15. After the expiry of the period in clause 21.1.1420.1.14, any claim which the Contractor may otherwise have made against the Principal and which has not been made is barred. 21.1.1620.1.16. Within 14 days after the lodgement of a final claim under clause 21.1.14 20.1.14 or, where the Contractor fails to lodge such a claim, the expiry of the period in which such a claim may have been lodged by the Contractor, the Principal‟s Representative shall issue a final payment certificate certifying the amount, which in the Principal‟s Representative‟s opinion, is finally due from the Principal to the Contractor or from the Principal to the Contractor or arising out of or in connection with this Contract.

Payment of the Contract Price. ‌ 21.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price. 21.1.2. The Contract Price is inclusive of: a. all costs, expenses, disbursements, levies and taxes incurred by the Contractor in carrying out and completing the Works; and b. all ancillary and other works and expenditure, whether separately or specifically mentioned or described in the Contract Documents or not, which are necessary to carry out and bring to completion the Works as described in the Contract Documents. 21.1.3. The Contract Price will be paid progressively by progress payments monthly upon the Contractor performing the Works to the satisfaction of the Principal‟s Principal’s Representative. 21.1.4. The Contractor must at the end of each month during the term of this Contract prepare and submit to the Principal‟s Principal’s Representative for approval and payment a correct tax invoice for the Works completed in the previous month. 21.1.5. The tax invoice shall set out the Contractor‟s Contractor’s claim for that part of the Contract Price that it considers payable for Works completed during the relevant month. 21.1.6. The form and content of the tax invoice shall be determined by the Principal. 21.1.7. Whenever called upon so to do by the Principal‟s Principal’s Representative, the Contractor must: a. provide additional information and documentation; and b. allow access to all records relating to the Works, in order to check the accuracy of the tax invoices submitted by the Contractor. 21.1.8. The Principal‟s Principal’s Representative may inspect the works and seek advice on the claimed invoiced works. 21.1.9. The Principal‟s Principal’s Representative will assess tax invoices submitted by the Contractor and, subject to this clause 21, pay the amount claimed or such proportion thereof that it considers payable within 30 days of receipt. 21.1.10. Where the amount determined as payable by the Principal‟s Principal’s Representative is less than the amount claimed by the Contractor, the Principal‟s Principal’s Representative will provide to the Contractor with written reasons for the difference. 21.1.11. If the Principal exercises its rights under this clause, the 30 day period for payment will be extended by a period equivalent to that which it takes the Contractor to rectify any deficiency in a tax invoice or performance of the Works to the satisfaction of the Principal. 21.1.12. The Principal may, without derogating from any other right it may have, defer assessing a tax invoice or paying the amount payable thereunder until the Contractor has completed to the satisfaction of the Principal the whole or any part of the Works in accordance with this Contract to which the tax invoice relates. 21.1.13. Any payment of the Contract Price made to the Contractor will not be taken as evidence against or as an admission by the Principal that the Works have been carried out in accordance with this Contract or of the value thereof, but will be taken to be payment on account only and no payment will be deemed to release the Contractor from the requirements of this Contract. 21.1.14. Within 14 days after the expiry of the Defects Liability Period as varied under this Contract, the Contractor must lodge a final claim for a progress payment under this clause 21, which claim includes all moneys to which the Contractor considers itself entitled in connection with this ContractContract‌ 21.1.15. After the expiry of the period in clause 21.1.14, any claim which the Contractor may otherwise have made against the Principal and which has not been made is barred. 21.1.16. Within 14 days after the lodgement of a final claim under clause 21.1.14 or, where the Contractor fails to lodge such a claim, the expiry of the period in which such a claim may have been lodged by the Contractor, the Principal‟s Principal’s Representative shall issue a final payment certificate certifying the amount, which in the Principal‟s Representative‟s Principal’s Representative’s opinion, is finally due from the Principal to the Contractor or from the Principal to the Contractor or arising out of or in connection with this Contract.Contract.‌

Payment of the Contract Price. 21.1.120.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price. 21.1.220.1.2. The Contract Price is inclusive of: a. all costs, expenses, disbursements, levies and taxes incurred by the Contractor in carrying out and completing the Works; and b. all ancillary and other works and expenditure, whether separately or specifically mentioned or described in the Contract Documents or not, which are necessary to carry out and bring to completion the Works as described in the Contract Documents. 21.1.320.1.3. The Contract Price will be paid progressively by progress payments monthly upon the Contractor performing the Works to the satisfaction of the Principal‟s Representative. 21.1.420.1.4. The Contractor must at the end of each month during the term of this Contract prepare and submit to the Principal‟s Representative for approval and payment a correct tax invoice for the Works completed in the previous month. 21.1.520.1.5. The tax invoice shall set out the Contractor‟s claim for that part of the Contract Price that it considers payable for Works completed during the relevant month. 21.1.620.1.6. The form and content of the tax invoice shall be determined by the Principal. 21.1.720.1.7. Whenever called upon so to do by the Principal‟s RepresentativeRepresentative or the Project Manager, the Contractor must: a. provide additional information and documentation; and b. allow access to all records relating to the Works, in order to check the accuracy of the tax invoices submitted by the Contractor. 21.1.820.1.8. The Principal‟s Representative may ask the Design Consultantto inspect the works and seek provide advice on the claimed invoiced works. 21.1.920.1.9. The Principal‟s Representative will assess tax invoices submitted by the Contractor and, subject to this clause 2120, pay the amount claimed or such proportion thereof that it considers payable within 30 days of receipt. 21.1.1020.1.10. Where the amount determined as payable by the Principal‟s Representative is less than the amount claimed by the Contractor, the Principal‟s Representative will provide to the Contractor with written reasons for the difference. 21.1.1120.1.11. If the Principal exercises its rights under this clause, the 30 day period for payment will be extended by a period equivalent to that which it takes the Contractor to rectify any deficiency in a tax invoice or performance of the Works to the satisfaction of the Principal. 21.1.1220.1.12. The Principal may, without derogating from any other right it may have, defer assessing a tax invoice or paying the amount payable thereunder until the Contractor has completed to the satisfaction of the Principal the whole or any part of the Works in accordance with this Contract to which the tax invoice relates. 21.1.1320.1.13. Any payment of the Contract Price made to the Contractor will not be taken as evidence against or as an admission by the Principal that the Works have been carried out in accordance with this Contract or of the value thereof, but will be taken to be payment on account only and no payment will be deemed to release the Contractor from the requirements of this Contract. 21.1.1420.1.14. Within 14 days after the expiry of the Defects Liability Period as varied under this Contract, the Contractor must lodge a final claim for a progress payment under this clause 2120, which claim includes all moneys to which the Contractor considers itself entitled in connection with this Contract 21.1.1520.1.15. After the expiry of the period in clause 21.1.1420.1.14, any claim which the Contractor may otherwise have made against the Principal and which has not been made is barred. 21.1.1620.1.16. Within 14 days after the lodgement of a final claim under clause 21.1.14 20.1.14 or, where the Contractor fails to lodge such a claim, the expiry of the period in which such a claim may have been lodged by the Contractor, the Principal‟s Representative shall issue a final payment certificate certifying the amount, which in the Principal‟s Representative‟s opinion, is finally due from the Principal to the Contractor or from the Principal to the Contractor or arising out of or in connection with this Contract.

Payment of the Contract Price. 21.1.1. In consideration of the Contractor carrying out the Works in accordance with this Contract the Principal agrees to pay to the Contractor the Contract Price. 21.1.2. The Contract Price is inclusive of: a. all costs, expenses, disbursements, levies and taxes incurred by the Contractor in carrying out and completing the Works; and b. all ancillary and other works and expenditure, whether separately or specifically mentioned or described in the Contract Documents or not, which are necessary to carry out and bring to completion the Works as described in the Contract Documents. 21.1.3. The Contract Price will be paid progressively by progress payments monthly upon the Contractor performing the Works to the satisfaction of the Principal‟s Principal’s Representative. 21.1.4. The Contractor must at the end of each month during the term of this Contract prepare and submit to the Principal‟s Principal’s Representative for approval and payment a correct tax invoice for the Works completed in the previous month. 21.1.5. The tax invoice shall set out the Contractor‟s Contractor’s claim for that part of the Contract Price that it considers payable for Works completed during the relevant month. 21.1.6. The form and content of the tax invoice shall be determined by the Principal. 21.1.7. Whenever called upon so to do by the Principal‟s Principal’s Representative, the Contractor must: a. provide additional information and documentation; and b. allow access to all records relating to the Works, in order to check the accuracy of the tax invoices submitted by the Contractor. 21.1.8. The Principal‟s Principal’s Representative may inspect the works and seek advice on the claimed invoiced works. 21.1.9. The Principal‟s Principal’s Representative will assess tax invoices submitted by the Contractor and, subject to this clause 21, pay the amount claimed or such proportion thereof that it considers payable within 30 days of receipt. 21.1.10. Where the amount determined as payable by the Principal‟s Principal’s Representative is less than the amount claimed by the Contractor, the Principal‟s Principal’s Representative will provide to the Contractor with written reasons for the difference. 21.1.11. If the Principal exercises its rights under this clause, the 30 day period for payment will be extended by a period equivalent to that which it takes the Contractor to rectify any deficiency in a tax invoice or performance of the Works to the satisfaction of the Principal. 21.1.12. The Principal may, without derogating from any other right it may have, defer assessing a tax invoice or paying the amount payable thereunder until the Contractor has completed to the satisfaction of the Principal the whole or any part of the Works in accordance with this Contract to which the tax invoice relates. 21.1.13. Any payment of the Contract Price made to the Contractor will not be taken as evidence against or as an admission by the Principal that the Works have been carried out in accordance with this Contract or of the value thereof, but will be taken to be payment on account only and no payment will be deemed to release the Contractor from the requirements of this Contract. 21.1.14. Within 14 days after the expiry of the Defects Liability Period as varied under this Contract, the Contractor must lodge a final claim for a progress payment under this clause 21, which claim includes all moneys to which the Contractor considers itself entitled in connection with this Contract 21.1.15. After the expiry of the period in clause 21.1.14, any claim which the Contractor may otherwise have made against the Principal and which has not been made is barred. 21.1.16. Within 14 days after the lodgement of a final claim under clause 21.1.14 or, where the Contractor fails to lodge such a claim, the expiry of the period in which such a claim may have been lodged by the Contractor, the Principal‟s Principal’s Representative shall issue a final payment certificate certifying the amount, which in the Principal‟s Representative‟s Principal’s Representative’s opinion, is finally due from the Principal to the Contractor or from the Principal to the Contractor or arising out of or in connection with this Contract.