Pipelaying Tender-VOL I - WorleyParsons.com

6.2.2 85% against completion of foundationsB) 5% on submission of final documents, including As-built drawings, final billand acceptance of these by owner.6.3 Laying of Power Linea) 80% on completion of Supply and Installation.b) 15% on Testing and energization.c) 5% on submission of final documents, including As-built drawings, final billand acceptance of these by owner7.0 For all other items not covered above the payment shall be made as below:-7.1 95% progressively on completion of activity including all Supply & works.7.2 5% progressively on completion of all activities including Testing and theiracceptance, submission of final documents, including As-Built Drawings,final bill and acceptance of these by owner.8.0 PAYMENT METHODOLOGY8.1 The contractor shall raise invoices on Monthly basis. Bidder shall enclose alldocuments as per check list issued by WORLEYPARSONS/HPCL.8.2 HPCL has introduced the computerized Bill Tracking system whereby the contractorwill be issued a receipt at the time of the submission of the bills. The contractor cansee the status of their bill on HPCL's website.8.3 HPCL will release payment through e-payments only as detailed in the BiddingDocument.8.4 Further break-up of Lumpsum Prices, if deemed necessary for any progressivepayment of individual item may be mutually arrived at between Engineer-in-Chargeand the Contractor.8.5 No Interest charges for delay in payments, if any, shall be payable by the Owner.8.6 All payments against running bills are advance against the work and shall not betaken as final acceptance of work / measurement carried out till the final bill.8.7 Bills shall be raised by contractor in line with check list attached in Tender document.MH2145-C000-PS-RFQ-0020Page 182 of 334