Download Tender Document - High Commission of India, Colombo

MEASURED PRICE CONSTRUCTION CONTRACT
General Conditions
Operational excellence for results that matter
(b)
If the Schedule of Payments does not specify the instalment amounts in
which the Contract Price will be paid, the Contractor shall submit non-binding
estimates of the payments which it expects to become due during each
monthly period. The first estimate shall be submitted within 28 days after the
Date of the Contract. Revised estimates shall be submitted at monthly
intervals, until the Taking Over Certificate has been issued for the whole of
the Works.
14.5 Plant and Materials intended for the Works
Plant and Materials intended for the Works
(a)
If this Sub-Clause 14.5 applies, Interim Payment Certificates shall include,
under Sub-Clause 14.3(b)(v):
(i)
(ii)
an amount for Plant and Materials which have been delivered to the
Site for incorporation in the Permanent Works; and
a reduction when the contract value of such Plant and Materials is
included as part of the Permanent Works under Sub-Clause
14.3(b)(i).
(b)
(c)
If the lists referred to in either Sub-Clauses 14.5(c)(ii)(A) or 14.5(c)(iii)(A)
below are not included in the Schedule of Payments, this Sub-Clause 14.5
shall not apply.
The Employer's Representative shall determine and certify each addition if
the following conditions are satisfied:
(i)
the Contractor has:
(A)
(B)
kept satisfactory records (including the orders, receipts, Costs
and use of Plant and Materials) which are available for
inspection; and
submitted a statement of the Costs incurred in acquiring and
delivering the Plant and Materials to the Site, supported by
satisfactory evidence,
and either:
(ii)
the relevant Plant and Materials:
(A)
(B)
(C)
are those listed in the Schedule of Payments for payment
when shipped;
have been shipped to the Country, en route to the Site, in
accordance with the Contract; and
are described in a clean shipped bill of lading or other
evidence, of shipment, which has been submitted to the
Employer's Representative together with evidence of payment
of freight and insurance, any other documents reasonably
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