Interim Payments Quiz

What is the percentage of progressive cost to net contract sum?

• 2.91619%

• 3.5%

• 1.5%

• 4.0%

What is the amount of preliminaries to be paid if the net value of work executed by the contractor to date is RM900,000.00?

• RM26,245.71

• RM30,000.00

• RM20,000.00

• RM15,000.00

According to Clause 28.4, what must be included in the interim certificate?

• The estimated total value of the work properly executed

• Only the value of work improperly executed

• The total contract sum

• The value of work not executed

What are the prerequisites for payment regarding materials on site?

• Delivered to site or adjacent to site

• Intended for incorporation in the permanent works

• Reasonably, properly and not prematurely brought to site

• Adequately protected against weather and casualties

What must the contractor obtain regarding the goods?

• Adequate title to the goods

• Payment from the employer

• Delivery confirmation

• Supplier's invoice

What percentage of the total value of materials is to be paid to the contractor?

• 80%

• 90%

• 100%

• 70%

What must the type and quality of materials comply with?

• Specifications stated in the contract

• Market prices

• Supplier's recommendations

• Local regulations

What is considered for payment regarding materials on site?

• Total value of materials available on the date of valuation

• Estimated value of future materials

• Value of materials delivered in the last month

• Value of materials not yet delivered

What is the payment condition for materials supplied by nominated suppliers?

• To be paid in full

• To be paid partially

• Not to be paid

• To be paid after inspection

The deduction of 10% is made in every interim payment certificate. Only 90% of the amount certified as due to the Contractor will be paid to him.