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Construction Law/General Items Payments

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Question
Dear Sir,

Please advise regarding the Contractors request to get some of the general items complete 100% in the first interim payment (e.g. Risk Insurance, Third Party Insurance, Performance Security, Automobile Insurance, ..., etc)

Thanks in advance for your generous efforts

Amer

Answer
Dear Mr Amer,
if the contractor has provided the copies of risk insurance, third party insurance, performance security, automobile insurance etc., we can release the payment aportioned for these items only as the contractor has accomplished 100% of this item. But, check the dates of validity prior to accepting the documents and releasing the payment.
regards,
R Sivaraman  

Construction Law

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R.Sivaraman

Expertise

I can answer the questions related to Engineering design, Project management and contract management

Experience

I have 20 years of experience across a wide spectrum of engineering and project management knowledge areas

Organizations
Member in the Institution of Engineers Member in the Institution of technical arbitrators

Education/Credentials
Bachelors in Civil Engineering Masters in Business Administration

Past/Present Clients
Capgemini Johnson & Johnson EMC FM Global SABIC

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