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Employer-Contractor Contract Processes

The document outlines the key steps in contractual relationships between an employer and contractor, and a contractor and nominated subcontractor. For the employer-contractor relationship, the key steps are issuing a contract addendum, executing the addendum, amending a bank guarantee, paying an advance payment upon engineer certification, and the contractor applying for further advance payments. For the contractor-subcontractor relationship, the key steps are issuing and executing a subcontract, the subcontractor providing a bank guarantee, advance payment upon contractor certification, and applying for additional advance payments.

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Sivakumar Kandasamy
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16 views1 page

Employer-Contractor Contract Processes

The document outlines the key steps in contractual relationships between an employer and contractor, and a contractor and nominated subcontractor. For the employer-contractor relationship, the key steps are issuing a contract addendum, executing the addendum, amending a bank guarantee, paying an advance payment upon engineer certification, and the contractor applying for further advance payments. For the contractor-subcontractor relationship, the key steps are issuing and executing a subcontract, the subcontractor providing a bank guarantee, advance payment upon contractor certification, and applying for additional advance payments.

Uploaded by

Sivakumar Kandasamy
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

02/10/2017 Key Issue.

xml

Employer v/s. Contractor

Employer Contractor
Text

Issue Contract Execute Contract Amend Bank


Addendum Addendum Guarantee

Pay Advance Engineer's Apply for Advance


Payment Certification Payment

Contractor v/s. Nominated Subcontractor

Contractor Nominated
Subcontractor

Issue the Execute the Submit Bank


Subcontract Subcontract Guarantee

Pay Advance Contractor's Apply for Advance


Payment Certification Payment

1/1

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