Final Payment Claim definition
Examples of Final Payment Claim in a sentence
The provisions relating to Interim Payments in Clause 11(b) in respect of deductions and Clause 11(c) in respect of payment also apply to the payment following the Final Payment Claim.
The Payment Claim Date for the Final Payment Claim shall be either 30 days after the date of the Certificate of Substantial Completion or the date of submission of the Final Payment Claim if earlier.
After expiration of the period for submitting a final Payment Claim the Sub-Contractor releases Total from any claim in respect of any fact matter or thing arising out of or in connection with the Sub-Contract except for any claim included in a Payment Claim made in accordance with sub-clause 12.7 [Final Payment Claim].
In the event that the Sub-Contractor has failed to provide a Final Payment Claim in accordance with this clause and the Contractor does not make an estimate of the final value of the sub-contract, the Contractor shall be released from liability to pay for items not included in previous Payment Claims.
The Sub-Contractor shall submit to the Contractor its Final Payment Claim of all sums due to the Sub-Contractor under the Sub-Contract, computed in the manner prescribed in sub-clause 11(a)(2) hereof, after the Sub-Contractor has completed all the Sub-Contract Works and, in any event, not later than 30 days after the date of the Certificate of Substantial Completion of the Works issued by the Employer’s Representative (which date is to be promptly advised to the Sub-Contractor by the Contractor).
Within 30 days of the applicable Payment Claim Date the Contractor will pay to the Sub- Contractor the amount due in respect of the Final Payment Claim.
If the Sub-Contractor fails to provide its Final Payment Claim in accordance with this clause, the Contractor may but is not obliged to make its own estimate of the final value of the Sub-Contract Works and the final payment due to the Sub-Contractor will be based on that estimate irrespective of whether the Sub-Contractor considers that estimate was too low.
Within 20 Business Days of termination of the Contract (for any reason), the Service Provider must submit to RTA a Final Payment Claim.
If the Sub-Contractor fails to provide its Final Payment Claim in accordance with this clause, the Contractor may but is not obliged to make its own estimate of the final value of the Sub-Contract Works and the final payment due to the Sub- Contractor will be based on that estimate irrespective of whether the Sub-Contractor considers that estimate was too low.
Within 30 days of the applicable Payment Claim Date the Contractor will pay to the NN Sub- Contractor the amount due in respect of the Final Payment Claim.