Transcription of Advance Payments - CIDB
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Advance Payments - CIDB
Inform Practice Note #16 November 2008(Version 1 - November 2008)1. Introduction 2. Standard provisions for Advance Payments 3. jbcc Series 2000 provisions 4. FIDIC provisions5. NEC Provisions6. Clauses for inclusion in GCCC ontent Synopsis: Advance Payments provide contractors with an interest free loan which is repayable before the completion of the works. This practice note outlines the provisions for Advance payment made in the jbcc Series 2000, FIDIC and NEC forms of contracts and provides additional conditions of contract for inclusion in GCC 2004 to enable Advance payment to be made in terms of this form of contract. cidb s Inform Practice notes provide guidance and clarity in achieving client objectives in construction procurement and delivery.
Inform Practice Note #16 November 2008 (Version 1 - November 2008) 1. Introduction 2. Standard provisions for advance payments 3. JBCC Series 2000 provisions
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