Common use of Final Payment Statement Clause in Contracts

Final Payment Statement. 14.5.1 Within 60 (sixty) days after receiving the Completion Certificate the Contractor shall submit to the EIC for consideration six copies of a Final Payment Statement as per approved format by EIC/PMC (the “Final Payment Statement”) for Works, with supporting documents showing in detail, in the form prescribed by the EIC/PMC: (a) the summary of Contractor’s interim Payment claims for Works as submitted in accordance with contract; (b) the amounts received from the RSCL against each claim; and (c) any further sums which the Contractor considers due to it from the RSCL. If the EIC/PMC disagrees with or cannot verify any part of the Final Payment Statement, the Contractor shall submit such further information as the EIC/PMC may reasonably require. The EIC/PMC Engineer shall deliver to the RSCL:

Final Payment Statement. 14.5.1 14.4.1 Within 60 (sixty) days after receiving the Completion Certificate the Contractor shall submit to the EIC for consideration six copies of a Final Payment Statement as per approved format by EIC/PMC (the “Final Payment Statement”) for Works, with supporting documents showing in detail, in the form prescribed by the EIC/PMC: (a) the summary of Contractor’s interim Payment claims for Works as submitted in accordance with contract; (b) the amounts received from the RSCL against each claim; and (c) any further sums which the Contractor considers due to it from the RSCL. If the EIC/PMC disagrees with or cannot verify any part of the Final Payment Statement, the Contractor shall submit such further information as the EIC/PMC may reasonably require. The EIC/PMC Engineer shall deliver to the RSCL: