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What does the amount due to the Contractor consist of?

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 What does the amount due to the Contractor consist of?

asked Oct 10, 2012 in Payment by BuiltIntelligence (870 points)  

1 Answer

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Best answer

The bulk of it is the Price for Work Done to Date (PWDD). All other payments (such as...) are added to the the Price for Work Done to Date to arrive at the amount due, while amounts to be paid by or retained from the Contractor are deducted from the PWDD to arrive at the amount due (see Clause 50.2).

 

 

answered Oct 10, 2012 by BuiltIntelligence (870 points)  
edited Oct 24, 2012 by Rob Glasspool