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Interim valuations and payment [electronic resource]

By: Language: English Series: RICS Guidance Note | RICS Black BookPublication details: London RICS 2015Description: 48pISBN:
  • 9781783211135
Subject(s): LOC classification:
  • 333.332 $2 18
Online resources: Summary: Effective from 12 November 2015. Looks at contract clauses which set out the criteria under which interim payments are made, the timing of these payments and the administrative rules under which quantity surveyors, architects, employers and contractors must operate. In many contracts, whilst the completion and calculation of the value is important, the method and procedure of the interim payment which the contractor receives is equally as important. Covers conditions of contract, payment mechanisms, retention, valuation process, and standard forms and covering letters.
Holdings
Item type Current library Call number Copy number Status
Book Archives RICS Boxes RICS 2015/20 (Browse shelf(Opens below)) Available
Book Virtual Online ONLINE PUBLICATION (Browse shelf(Opens below)) 1 Available

Effective from 12 November 2015. Looks at contract clauses which set out the criteria under which interim payments are made, the timing of these payments and the administrative rules under which quantity surveyors, architects, employers and contractors must operate. In many contracts, whilst the completion and calculation of the value is important, the method and procedure of the interim payment which the contractor receives is equally as important. Covers conditions of contract, payment mechanisms, retention, valuation process, and standard forms and covering letters.

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