Carried to Collection Clause Samples
The 'Carried to Collection' clause defines how payments or proceeds received by a party are handled until they are fully collected and cleared. In practice, this clause typically applies to situations where checks, drafts, or other negotiable instruments are received as payment, specifying that such items are credited to an account only after actual collection by the receiving party's bank. This ensures that the risk of non-payment or dishonor remains with the payee until the funds are confirmed, thereby protecting the recipient from losses due to uncollected or returned payments.
Carried to Collection. Section No. 1 Bill No. 1 Preliminaries Item R
Carried to Collection. Bill No. 1 PRELIMINARIES Item Item Item Item Item Item Item R
Carried to Collection. Section No. 1 Bill No. 1 Preliminaries Item 18 Item 22 Clause 22.0 - Latent defects liability period F:......................... V:........................ T:........................ Item 23 Clause 23.0 - Revision of the date for practical completion Substitution of materials and goods The removal or substitution of any materials and goods which do not conform to the specification or the contract drawings shall not constitute grounds for the extension of the construction period nor for the adjustment of the contract value [17.1.8, 23.1 & 2] F:......................... V:........................ T:........................ Item 24 Clause 24.0 - Penalty for late or non- completion F:......................... V:........................ T:........................ Item Payment (A25 - A27) Carried to Collection R Section No. 1 Bill No. 1 Preliminaries
Carried to Collection. Section No. 1 Bill No. 1 Preliminaries Item R 74 SECTION C: SPECIFIC PRELIMINARIES Site instructions Instructions issued on site are to be recorded in triplicate in a site instruction book which is to be maintained on site by the contractor F:......................... V:........................ T:........................
Carried to Collection. Section No. 1 PRELIMINARIES ▇▇▇▇ No. 1 Preliminaries IDC Renovations Provisional Bills of Quantities Item Item R
Carried to Collection. SECTION NO. 1 PRELIMINARIES ▇▇▇▇ NO. 1 PRELIMINARIES COMPLETION AND RENOVATION OF WORKS AT TLHABOLOGA Item Item Item Item Item Item NG PRIMA R RY S
Carried to Collection. Section No. 1 Bill No. 1 Preliminaries Item R 33 34 35 36 SECTION B: GENERAL PRELIMINARIES Definitions and interpretation (B1) Clause 1.1 - Definitions F:......................... V:........................ T:........................ Clause 1.2 - Interpretation F:......................... V:........................ T:........................
Carried to Collection. Bill No. 1 PRELIMINARIES Item Item R 1/1/81 The contractor shall: 1. Comply with the health and safety specification for the works 2. Prepare and agree with the health and safety consultant the health and safety plan for the works 3. Cooperate with the health and safety consultant in all respects 4. Manage the compliance of all subcontractors with the regulations and with the health and safety plan and specification 5. Conform to the conditions contained in the employer's health and safety specification 6. Appoint a suitably qualified person to ensure health & safety regulations are met F:.......................... V:..................... T:......................... Broad based black economic empowerment (BBBEE) Tenders submitted will be evaluated taking into account their empowerment rating The employer will be monitoring the broad based black economic empowerment (BBBEE) status of the contractor throughout the execution of the works The contractor is to submit to the principal agent on an annual basis a schedule of spend, split into vendors engaged as subcontractors and suppliers indicating their BBBEE rating including proof of the said rating F:........................ V:.........................T:.........................
Carried to Collection. Section No. 1 Bill No. 1 Preliminaries Item 24 Item R Payment (A25 - A27)
Carried to Collection. Section No. 1 PRELIMINARIES AND GENERAL ▇▇▇▇ ▇▇. 1 PRELIMINARIES & GENERAL Item Item Item Item Item Item Item Item R