Most construction contracts require interim payments to be paid to the contractor. This is to relieve the contractor of the burden of financing the whole of the works until completion; works which may take many months or years to complete.

This guidance note is effective from 12 November 2015.

This guidance note covers:

  • Conditions of contract
  • Payment mechanisms
  • Retention
  • Valuation process
  • Standard forms and covering letters

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