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

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A manufacturer receives an advance payment for special-order goods that are to b...
Posted by:
Moataz Ali Sobhi
26-February-2015

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

Question ajoutée par Ahmad Arslan Rafique , Lead Contracts , MDHP/01 Mohmand Dam Hydropower Project with DESCON Engineering Limited
Date de publication: 2015/03/19

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Mazen Hassan Salem Alflfl Alflfl

par Mazen Hassan Salem Alflfl Alflfl

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

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par 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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