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FIDIC MDB harmonized 2010 edition, repayement of Advance Payment???

In FIDIC MDB harmonized edition, according to clause14.2 repayment of advance payment should be deducted on gross amount of IPC (excluding retention money) or on net payable amount (after deduction of retention money) payable to contractor???

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تم إضافة السؤال من قبل Ahmad Arslan Rafique , Lead Contracts , MDHP/01 Mohmand Dam Hydropower Project with DESCON Engineering Limited
تاريخ النشر: 2015/03/19

Payment of the payment must be deducted on the total amount before the retention funds are applied

Vikram Rana
من قبل Vikram Rana , Contract Specialist , WTS consultant / Petronas

The repayment of advance payment should be deducted on grosss amount of IPC before applying the decudtion such as retention money.

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