The Public Procurement Rules 2008 - LGED

payment has been repaid, but the amount of the Guarantee shall be progressively reduced by the
proportion of advanced amounts adjusted by the Contractor and no interest shall be charged on
the advance payment.
(13) The basis for payment shall be the Bill of Quantities used to determine the
Contract Price.
(14) The Contractor shall submit to the Project Manager monthly statements of the
estimated value of the work executed less the cumulative amount certified previously.
(15) The Project Manager shall check the Contractor’s monthly statement and certify the
amount to be paid to the Contractor.
(16) The value of work executed shall be determined by the Project Manager and shall
comprise the value of the items completed as per the rates in the Bill of Quantities.
(17) The Project Manager on the basis of information received later may ` exclude
any item certified in a previous certificate or reduce the proportion of any item previously certified.
(18) A Variation Order shall be prepared, following the provisions of Rules 78, 79 and 80,
so long as the value of such additional Works does not exceed the threshold specified in
Schedule II.
(19) The value of work executed shall include the valuation of approved Variations and
Compensation Events.
(20) If the final quantity of the work done for any particular item increases from the
quantity in the Bill of Quantities by more than twenty-five percent (25%), the Project Manager shall
adjust the unit rate for that particular item to allow for the change within the context and threshold
of the Variation Order, provided that the change in each case exceeds one percent (1%) of the
Initial Contract Price.
(21) Necessary adjustments of payable amounts on account of advance payments and
retention money, where applicable shall have to be made.
(22) The Procuring Entity shall pay the Contractor the amounts certified by the Project
Manager within the period specified in Schedule II .
(23) Unless otherwise stated, all payments and deductions shall be in the proportions of
currency(ies) as specified in the Contract Price.
(24) The items quantified in the BOQ for which no rates or prices have been quoted
shall be deemed covered by the amounts of other rates and prices in the Contract.
(25) Advance Payment or its repayment shall not be taken into account in assessing
valuations of work done, Variations, price adjustments, Compensation Events, Bonuses, or
Liquidated Damages.
(26) In the case of compensation events the provisions detailed in the GCC and PCC
shall be followed.
(27) The Contractor shall be liable to pay liquidated damages at the rate per day or
week as specified in the contract for each day of delay from the Intended Completion Date of the
original Contract or Extended Completion Date provided that -
(a)
The total amount of liquidated damages shall not exceed the amount defined in
the contract.
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