Interim Payment Certificate definition

Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate.

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Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement;

Interim Payment Certificate means any certificate of payment issued by the Engineer other than the Final Payment Certificate.

Examples of Interim Payment Certificate in a sentence

• The Contractor shall forward to the Engineer an Interim Payment Certificate based on the statement as corrected above and, should it be necessary in the Engineers opinion, shall promptly make any further amendments and corrections to the Interim Payment Certificate.

• Within 45 days after receipt of the Interim Payment Certificate and subject to the Contractor having made such further amendments and corrections as the Engineer may require, the Engineer will forward to the Employer the certified Interim Payment Certificate.

• The Engineer may in any Interim Payment Certificate make any correction or modification to any previous Interim Payment Certificate signed by him and shall have authority, if any work is not being carried out to his satisfaction to omit or reduce the value of such work in any Interim Payment Certificate.

• The Engineer shall not unreasonably withhold certifying an Interim Payment Certificate and in case of likely delay in establishing the value of an item, such item may be set aside and the remainder certified for payment.

• The Authority’s Engineer may by an Interim Payment Certificate make any correction or modification in any previous Interim Payment Certificate issued by the Authority’s Engineer.

More Definitions of Interim Payment Certificate

Interim Payment Certificate means any payment certificate issued by the Engineer under Sub-Clause 11.5, other than the Final Payment Certificate.

Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Bilaspur Smart City Limited for payment to the Successful Bidder in respect of Successful Bidder’s claims for payment raised in accordance with the provisions of this Agreement;

Interim Payment Certificate or“IPC”means the interim payment certificate issued by the Authority Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement;

Interim Payment Certificate means a payment certificate issued under clause 14 [Contract Price and Payment], other than the Final Payment Certificate.

Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment],

Interim Payment Certificate means any payment certificate other than Final Payment Certificate, issued by the Owner/Project Manager.

Interim Payment Certificate or “IPC” means the interim payment certificate issued by the Authority’s Engineer for payment to the Contractor in respect of Contractor’s claims for payment raised in accordance with the provisions of this Agreement; “Joint Venture” means the group of entities which have come together for implementation of this Project; “Lead Member” shall, in the case of a joint venture, mean the member of such joint venture who shall have the authority to bind the contractor and each member of the Joint venture; and shall be deemed to be the Contractor for the purposes of this Agreement; the Lead Member shall itself undertake and perform at least 51% (fifty one per cent) of the total length of the Project Highway; Contract AgreementPage 21 of 251 Construction of Service Road and RCC Drain on both sides of NH 37A from Kaliabor –Tiniali- (Km 0.000) to Kolong Bridge (Km 0.600) in Nagaon district in the state of Assam under EPC Mode Nov 2023 “LOA” or “Letter of Acceptance” means the letter of acceptance issued by the Authority as referred to in Recital (D); “Maintenance” means the maintenance of the Project Highway as set forth in Article 14 for the period specified therein; “MaintenanceInspectionReport”shallhavethemeaningsetforthinClause15.2; “Maintenance Manual” shall have the meaning ascribed to it in Clause 10.7; “Maintenance Programme” shall have the meaning set forth in Clause 14.3; “Maintenance Period” shall have the meaning set forth in Clause 14.1; “Maintenance Requirements” shall have the meaning set forth in Clause14.2; “Major Bridge” means a bridge having a total length of more than 60 (sixty) meters between the inner faces of the dirt walls as specified in IRC:5; “Manual” shall mean the Manual of Standards and Specifications for Project Highways; “Material Adverse Effect” means a material adverse effect of any act or event on the ability of either Party to perform any of its obligations under and in accordance with the provisions of this Agreement and which act or event causes a material financial burden or loss to either Party; “Materials” comprise of all the supplies used by the Contractor used in the Works or for the maintenance of the Project Highway; “Monthly Maintenance Statement shall have the meaning set forth in Clause 19.6; “MORTH” means the Ministry of Road Transport and Highways or any substitute thereof dealing with Highways; “Non-Political Event” shall have the meaning set forth in Clause 21.2; “Parties” means the parties to this Agreement collect...