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MEASURED PRICE CONSTRUCTION CONTRACT
Operational excellence for results that matter
14.6 Issue of Interim Payment Certificates ....................................................................... 94
14.7 Payment .................................................................................................................... 95
14.8 Not Used ................................................................................................................... 96
14.9 Payment of Retention Money .................................................................................... 96
14.10 Statement at Taken Over .......................................................................................... 97
14.11 Application for Final Payment Certificate .................................................................. 97
14.12 Discharge .................................................................................................................. 98
14.13 Issue of Final Payment Certificate ............................................................................ 98
14.14 Cessation of Employer's Liability ............................................................................... 99
14.15 Currencies of Payment .............................................................................................. 99
14.16 Set Off ..................................................................................................................... 100
14.17 Audit and Investigations .......................................................................................... 100
15. TERMINATION BY EMPLOYER ............................................................................ 101
15.1 Notice to Correct ..................................................................................................... 101
15.2 Termination by Employer ........................................................................................ 101
15.3 Valuation at Date of Termination ............................................................................. 102
15.4 Payment after Termination ...................................................................................... 103
15.5 Employer's Entitlement to Termination for Convenience ........................................ 103
16. SUSPENSION AND TERMINATION BY CONTRACTOR ..................................... 103
16.1 Contractor's Entitlement to Suspend Work ............................................................. 103
16.2 Termination by Contractor ....................................................................................... 104
16.3 Cessation of Work and Removal of Contractor's Equipment .................................. 104
16.4 Payment on Termination ......................................................................................... 105
17. RISK AND RESPONSIBILITY ................................................................................ 105
17.1 Indemnities .............................................................................................................. 105
17.2 Contractor's Care of the Works ............................................................................... 106
17.3 Employer's Risks ..................................................................................................... 107
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