payment certificate
DESCRIPTION
PCTRANSCRIPT
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State of Kuwait Ministry of Defence
Military Engineering Projects
PROJECT : _________________________________________________ CLIENT : _________________________________________________ CONTRACTOR : _________________________________________________ KD. Fils KD. Fils KD. Fils 1. Value of Original Contract 2. Variations : 2.1 Additions : (+) 2.2 Deductions : (-) 3. Final Contract Value : 4. Contractors Dues Todate : 4.1 Value of completed works 4.2 80% of Value of material stored at site 4.3 Gross Total 5. Deductions : 5.1 Contract retention 5.2 Previous payments as per Payment Certificate No. ____
5.3 Advance Payment Recovery (Full) 5.4 Penalty for delay 5.5 Others 5.5.1 5.5.2 5.5.3 5.6 Sub Total, Deductions
6. Nett to be paid to Contractor (4.3 minus 5.6) Contractors Representative G.C. Representative Owners Representative
PAYMENT CERTIFICATE No. _________________
FOR WORKS COMPLETED TILL _________________
SUBMITTED ON _________________
PAGE ___ OF ___
Payment Certificate
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State of Kuwait Ministry of Defence
Military Engineering Projects
CONTRACTOR'S PAYMENT CERTIFICATE NO. ____ CONSULTANT : CONTRACTOR : Original Contract Sum Variation Orders Adjusted Contract Sum
A. TOTAL WORK DONE AND MATERIALS ON SITE Gross Value of Works executed to day-month-year Value of works Executed Against Provisional Sums Value of Works Executed Against Site Work Instructions Value of Works Executed Against Variation Order Materials on Site
Net value of work done and Materials on Site Sub-total
B. RETENTION Less Retention Withheld (10% of A) Add Release of Retention Net Retention Value Certified to Date Sub-total C. ADVANCE PAYMENT Total Advance paid (____% of Contract Less) Recovery to date (____% of A)
Sub-total D. ADJUSTMENTS Works by Others (As attached) Sub-total
E. PREVIOUS PAYMENTS (P.C. NO. 1 TO ____)
F. NET PAYMENT DUE (Amount in Words
__________________________________________________________________________) Prepared by Resident Engineer/GC Accepted by Approved by Project Manager/Contractor Owner Representative
Payment Certificate