Procurement & contracts sgpl
Option B
a) Late Interim Payments by Employer
The various contractual provisions in relation to the late interim payments by the Employer will be addressed with the use of the JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009.
According to Clause 4.13.1 of the (JCT SBC05) Rev 2 2009, the Employer is obliged to pay the amount due as stated in the Interim Certificate within 14 days from the date of issue.
According to Clause 4.13.3 & 4.13.4 of the (JCT SBC05) Rev 2 2009, the Employer shall serve a notice to the Contractor notifying of any deductions/sums withheld, what the amount relates, the grounds for such a case and the basis of calculation.
According to Clause 4.13.6 of the (JCT SBC05) Rev 2 2009, in the event of any non-payment by due date or late payment , the Contractor is entitled to simple interest of the amount due until payment is made full by the Employer.
According to Clause 4.14 of the (JCT SBC05) Rev 2 2009, in the event of any non-payment by due date or late payment , after serving a notice 7 days after the final date of payment stating his intention and grounds, the Contractor may suspend the performance of his obligations until payment is made full by the Employer.
According to Clause 4.14 of the (JCT SBC05) Rev 2 2009, if the Employer does not pay the Contractor by the final date, the Contractor may choose to terminate the Contract.
These are the various contractual provisions and relevant clauses which the Employer should take note of in the cases of late interim payments on their end.
Option B
b) Contractor 's Requests for Time Extensions
During the progression of works, the Contractor may encounter certain unforeseen difficulties and request for a needed time extension to revise the Completion Date for the works. The JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009 will be used to determine the criteria for time extension and the various information
a) Late Interim Payments by Employer
The various contractual provisions in relation to the late interim payments by the Employer will be addressed with the use of the JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009.
According to Clause 4.13.1 of the (JCT SBC05) Rev 2 2009, the Employer is obliged to pay the amount due as stated in the Interim Certificate within 14 days from the date of issue.
According to Clause 4.13.3 & 4.13.4 of the (JCT SBC05) Rev 2 2009, the Employer shall serve a notice to the Contractor notifying of any deductions/sums withheld, what the amount relates, the grounds for such a case and the basis of calculation.
According to Clause 4.13.6 of the (JCT SBC05) Rev 2 2009, in the event of any non-payment by due date or late payment , the Contractor is entitled to simple interest of the amount due until payment is made full by the Employer.
According to Clause 4.14 of the (JCT SBC05) Rev 2 2009, in the event of any non-payment by due date or late payment , after serving a notice 7 days after the final date of payment stating his intention and grounds, the Contractor may suspend the performance of his obligations until payment is made full by the Employer.
According to Clause 4.14 of the (JCT SBC05) Rev 2 2009, if the Employer does not pay the Contractor by the final date, the Contractor may choose to terminate the Contract.
These are the various contractual provisions and relevant clauses which the Employer should take note of in the cases of late interim payments on their end.
Option B
b) Contractor 's Requests for Time Extensions
During the progression of works, the Contractor may encounter certain unforeseen difficulties and request for a needed time extension to revise the Completion Date for the works. The JCT Standard Building Contract With Quantities 2005 Edition (JCT SBC05) Revision 2 2009 will be used to determine the criteria for time extension and the various information
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