Interim Payment Certificate definition

Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate.
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Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement;
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Interim Payment Certificate means any certificate of payment issued by the Engineer other than the Final Payment Certificate.
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Examples of Interim Payment Certificate in a sentence

  • However, prior to issuing the Taking-Over Certificate for the Works, the Engineer shall not be bound to issue an Interim Payment Certificate in an amount which would (after retention and other deductions) be less than the minimum amount of Interim Payment Certificates (if any) stated in the Appendix to Tender.

  • The Engineer shall issue an Interim Payment Certificate for the first instalment after receiving a Statement (under Sub-Clause 14.3 [Application for Interim Payment Certificate] and after the Employer receives (i) the Performance Security in accordance with Sub-Clause 4.2 [Performance Security] and (ii) a guarantee in amounts and currencies equal to the advance payment.

  • However if, following discussions between the Engineer and the Contractor and any changes to the draft final statement which are agreed, it becomes evident that a dispute exists, the Engineer shall deliver to the Employer (with a copy to the Contractor) and Interim Payment Certificate for the agreed parts of the draft final statement.

  • Thereafter, the Engineer 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 Engineer fairly determines to be due, with supporting particulars.

  • This book’s companion website offers invaluable resources to freely download, adapt and use: Model letters for use by the Employer Model letters for use by the Contractor Sample Interim Payment Certificate Model Form for Submissions to the Engineer Model Form of Engineer’s Order for Varied Works Model Form of Daywork/Daily Record Sheets Management of Construction introduces all aspects of management practice to students and professionals based in the construction industry.


More Definitions of Interim Payment Certificate

Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Bilaspur Smart City Limited for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement;
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Interim Payment Certificate means any payment certificate issued by the Engineer under Sub-Clause 11.5, other than the Final Payment Certificate.
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Interim Payment Certificate means a payment certificate issued under clause 14 [Contract Price and Payment], other than the Final Payment Certificate.
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Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment],
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Interim Payment Certificate means any payment certificate other than Final Payment Certificate, issued by the Owner/Project Manager.
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Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement; “Joint Venture” means the group of entities which have come together for implementation of this Project; “Lead Member” shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Contract AgreementPage 21 of 152 “Construction of Four Lane Panchgram Bypass from Design Chainage km 15+500 on NH- 37 (Old NH-53) at Kalinagar Pt.-II Village to Design Chainage km 27+300 at crossing with NH-6 (Old NH-44) Near Xxxxxxxxx Pt.-I Village in the State of Assam on EPC Mode under Xxxxxxxxxx Xxxxxxxxxx in Economic Corridors (Project Length – 11.8 km)” (2nd Call) Feb 2023 Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway; “LOA” or “Letter of Acceptance” means the letter of acceptance issued by the Authority as referred to in Recital (D); “Maintenance” means the maintenance of the Project Highway as set forth in Article 14 for the period specified therein; “MaintenanceInspectionReport”shallhavethemeaningsetforthinClause15.2; “Maintenance Manual” shall have the meaning ascribed to it in Clause 10.7; “Maintenance Programme” shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause14.2; “Major Bridge” means a bridge having a total length of more than 60 (sixty) meters between the inner faces of the dirt walls as specified in IRC:5; “Manual” shall mean the Manual of Standards and Specifications for Project Highways; “Material Adverse Effect” means a material adverse effect of any act or event on the ability of either Party to perform any of its obligations under and in accordance with the provisions of this Agreement and which act or event causes a material financial burden or loss to either Party; “Materials” comprise of all the supplies used by the Contractor used in the Works or for the maintenance of the Project Highway; “Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6; “MORTH” means the Ministry of Road Transport and Highways or any substitute t...
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Interim Payment Certificate means any payment certificate other than Final Payment Certificate, issued by the Engineer-in-charge/Employer.
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