Pipelaying Tender-VOL I - WorleyParsons.com

APPENDIX-IV TO SCCTERMS OF PAYMENTTERMS OF PAYMENTPending completion of the whole works, provisional progressive payments for the part ofwork executed by the contractor shall be made by Owner on the basis of said workcompleted and certified by the Owner's representative as per the agreed milestonepayment schedule and the percentage break-ups given below.Contractor shall submit his invoices to the Owner's representative fortnightly in themanner as instructed by Owner. Each invoice will be supported by documentationacceptable to Owner and certified by the Owner's representative. Payments made byowner to the contractor for any part of the work shall not deem that the Owner hasaccepted the work. All payments against running bills are advance against the work andshall not be taken as final acceptance of work / measurement carried out till the final bill.Owner will release payment through e-payments only as detailed in the biddingdocument.Payment will be made against Running Account bills for the work done on the basis ofaccepted unit rates as per contract in the following manner :-1.0 LAYING OF PIPELINE / INSTALLATIONA) 95% Payment will be made as below:-1.1 5% progressively on completion of site development, stacking, clearingand grading of ROU.1.2 10% progressively on completion of trenching by excavation.1.3 20% progressively on completion of stringing, fabrication, alignment,bending, field welding & NDT.1.4 20% progressively on completion of joint coating & lowering.1.5 5% progressively on completion of laying of OFC, jointing, back filling.1.6 5% on establishing OFC continuity between respective SVs.1.7 15% progressively on completion of Magnetic pigging, gauge platepigging, hydro testing, dewatering and swabbing.1.8 2% on finalization of material reconciliation.1.9 3% on submission of As-Built drawings & all other drawings / documentsas per CONTRACT.1.10 10% after completion of Pre-commissioning activities including integrationof the system.MH2145-C000-PS-RFQ-0020Page 179 of 334