Skip to content
Search

Interim Valuations and Payment, 1st edition

Interim Valuations and Payment, 1st edition

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; which can take many months or years. 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.