Dear know I am working Min contractor our construction project. last IPA submitted material at sit amount Rs.100000.00 but Engineer IPC approval amount Rs.80000.00 (80%)
I need to know why those please Explain
Ruwan Sampath Wickramathilaka
Answer Dear Ruwan,
Payment of material brought to site must be clarified in Particular Conditions of Contract and generally some percentage is provided for payment such a 80% of material provided. The rest of the payment done when you incorporate such material in the Works. Therefore you please check your Particular Conditions of Contract for clarification of payment for " Material on Site".
I have experience of working at 6 countries in MENA region (algeria, Libya, Saudi Arabia, Oman, Pakistan)as the Regional Director and General Manager of a construction company. I have experience on various applications of FIDIC and construction law, arbitration procedures, claim management, project management.
Organizations CEO of TURCON Construction presently.
Education/Credentials M.S. Civil Engineer, Various Courses on Project Management, Seminars on FIDIC.
Past/Present Clients National Highway Authorities of various countries, Water and Power Development Authorities, Karachi Port Trust, etc.