Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

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???

Civil Engineering civil engineer Contracts
user-image
Question added by Ahmad Arslan Rafique , Lead Contracts , MDHP/01 Mohmand Dam Hydropower Project with DESCON Engineering Limited
Date Posted: 2015/03/19
Upvote (0) Views (13) Followers (2) Answers (2) Report Question
Write an Answer
Register now or log in to answer.
Mazen Hassan Salem Alflfl Alflfl

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

Vikram Rana
by 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.

Write Your Answer
More Questions Like This