Download Tender Document - High Commission of India, Colombo

MEASURED PRICE CONSTRUCTION CONTRACT
General Conditions
Operational excellence for results that matter
required, and a bank guarantee in a form and issued by an
entity approved by the Employer in amounts and currencies
equal to the amount due under this Sub-Clause 14.5 (this
guarantee shall be in a form acceptable to the Employer and
shall be valid until the Plant and Materials are properly stored
on Site and protected against loss, damage or deterioration);
or
(iii)
the relevant Plant and Materials:
(A)
(B)
are those listed in the Schedule of Payments for payment
when delivered to the Site; and
have been delivered to and are properly stored on the Site,
are protected against loss, damage or deterioration, and
appear to be in accordance with the Contract.
(d)
(e)
The additional amount to be certified shall be the equivalent of eighty percent
of the Employer's Representative's determination of the cost of the Plant and
Materials (including delivery to Site), taking account of the documents
mentioned in this Sub-Clause 14.5 and of the contract value of the Plant and
Materials.
The currencies for this additional amount shall be the same as those in which
payment will become due when the contract value is included under Sub-
Clause 14.3(b)(i). At that time, the Payment Certificate shall include the
applicable reduction which shall be equivalent to, and in the same currencies
and proportions as, this additional amount for the relevant Plant and
Materials.
14.6 Issue of Interim Payment Certificates
Issue of Interim Payment Certificates
(a)
(b)
(c)
No amount will be certified or paid until the Employer has received and
approved the Bank Guarantee for performance. Thereafter, the Employer's
Representative shall, within 28 days after receiving a Statement and
supporting documents, issue to the Employer an Interim Payment Certificate
which shall state the amount which the Employer's Representative fairly
determines to be due, with supporting particulars.
Prior to issuing the Taking Over Certificate for the Works, the Employer's
Representative shall not be bound to issue an Interim Payment Certificate in
an amount which would be less than the minimum amount of Interim Payment
Certificates as set out in the Schedule of Payments. In this event, the
Employer's Representative shall give notice to the Contractor accordingly.
An Interim Payment Certificate shall not be withheld for any other reason,
although:
(i)
if anything supplied or work done by the Contractor is not in
accordance with the Contract, the cost of rectification or replacement
© UNOPS 2011 94