Delay of Payment by Client
In the Open Standard
Tarek BarhamMember for 18 years 5 months
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Dear All
I faced this case.
We are working with client and he is delaying our interim payment more than payment time 84 days.
I know that according to FIDIC we will be entitled to claim for financing charges, but can we ask for EOT ( extension of time) and could we claim for over head cost ( in case of payment delay affected the physical progress in the site.).
I’m looking forward your valuable advises with supports from FIDIC law.
I faced this case.
We are working with client and he is delaying our interim payment more than payment time 84 days.
I know that according to FIDIC we will be entitled to claim for financing charges, but can we ask for EOT ( extension of time) and could we claim for over head cost ( in case of payment delay affected the physical progress in the site.).
I’m looking forward your valuable advises with supports from FIDIC law.
1 reply
Oldest first- 0Samer Zawaydeh ·Dear Tarek,
FIDIC clause 14/8 addresses the delayed payment. The Contractor is entitled to financing charges automatically for any delayed payment.
EOT is not coverd under this clause.
If you have a payment schedule stated in the Contract and signed by both parties, then it is a different situation and you can build on the Contractual clause and not the FIDIC clause.
Best Regards,
Samer
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