Interim Payment / Issue date /Due date
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Puthenpurayil sugathanMember for 20 years
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Dear Andrews,
Just a doubt regarding the Interim payment as per FIDIC
When the contractor submit the IOM ( Intrim payment )to the concultant/client, the "due date" as per contractually is +84 days of the submission date.
Is there any relation with the the issue date by the Client?!!
Client( due to delay )advise to change the date of issue of "IOM" ( because they are issusing the payment)to the Contractor ,Is it necesserry by the consultant to cahange the date ?!!
I mean the delay where it has to be happen in the case of interim payment release.
Just a doubt regarding the Interim payment as per FIDIC
When the contractor submit the IOM ( Intrim payment )to the concultant/client, the "due date" as per contractually is +84 days of the submission date.
Is there any relation with the the issue date by the Client?!!
Client( due to delay )advise to change the date of issue of "IOM" ( because they are issusing the payment)to the Contractor ,Is it necesserry by the consultant to cahange the date ?!!
I mean the delay where it has to be happen in the case of interim payment release.
1 reply
Oldest first- 0Shahzad Munawar ·In this case, the payment due date is within 84 days from date of e submission of Invoice. Its does not matter when the Engineer issues the certificate but contractually the payment to be made to the Contractor within 84 days from the submission date. but usually the Engineer takes 21 days in certification from the date of submission and issues Interim Payment Certificate whereas remaining period relates to Employer for payment
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