Sbd works (ncb)



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GCC 61.1

The proportion of payment retained is 5% of interim payments and 2.5 % of final payment[Specify the practical arrangements for retention monies. Normally, the sum to be retained from interim payments to guarantee implementation of the Contractor's obligations during the Defects Liability Period is 10% of each installment]

GCC 62.7, 62.13

The fraction for each specified element and exact combination of elements that will be applied in the formula for price adjustment shall be. as follows:
[insert elements , their fraction and formula to be applied]

GCC 63.1

The following methods shall apply to the valuation of works:
(ii) The amounts due in case of unit-price contract shall be determined' as follows: [insert methodology]
(iii) The amounts due in case of lump sum contract shall be determined' as follows: [insert methodology (for example: through the measurement of the percentage of works carried out in relation to the firm quantities of each item of the breakdown of the lump-sum price and by applying that percentage to the lump-sum price of the related item)]

GCC 64.1

Arrangements for interim payments shall be the following: [specify the practical arrangements for interim payments]

GCC 64.2(e)

Ownership of the plant and materials referred to in GCC Clause 83 [insert shall or shall not] be deemed to be vested in the Public Body.

GCC 64.7

The frequency of interim payment shall be: [insert frequency of interim payment]

GCC 65.1

The draft Final Statement of Account shall be submitted at the latest at the moment of the Contractor's application for the provisional acceptance certificate.

GCC 65.2

The Engineer shall prepare and sign the Final Statement of Account within 30 days from the issue of the certificate of final acceptance referred to in GCC Clause 89.







  1. Performance of the Contract


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