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Contract Administration and Payment Processes

The document discusses various stages and processes involved in contract administration for construction projects, including contract award, mobilization, progress payments, variations, retainage, delays, extensions of time, liquidated damages, contractor default, completion, handing over and demobilization.

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0% found this document useful (0 votes)
20 views22 pages

Contract Administration and Payment Processes

The document discusses various stages and processes involved in contract administration for construction projects, including contract award, mobilization, progress payments, variations, retainage, delays, extensions of time, liquidated damages, contractor default, completion, handing over and demobilization.

Uploaded by

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

Contract Administration

Contract Award
 Contract is awarded to the finally chosen
contractor through the document “Letter of
Award ”or “Letter of Acceptance”(LA)

 LA includes details regarding contract price,


period, name of project Engineer, and date of site
possession (date on which contractor legally
“possess” and be responsible for site)

 Date of site possession coincides with beginning


of project period.
Mobilization
• Mobilization of works on site starts upon receipt of a Letter
of Acceptance (LA) from client

• Contractor sets up site office, bring in labour and


machineries.

• Date of site possession is stated in the LA

• Insurances and performance bond must be taken, and levy


is paid before mobilization

• Mobilization is priced in the “preliminaries” items in the BoQ

• Typical scope: temporary access road to site, water and


electricity supply, site office, storage and transportation of
machinery, equipment and materials to site.
Preliminaries items

 Site Office

 Insurances
 There are 3 compulsory insurances:
• Insurances of Works
• Public Liability Insurance
• Workmen Compensation Insurance

 Performance Bond e.g. 5% of Contract


sum
Preliminaries items

 Statutory Obligations
 Government contribution
 Project signage

 Temporary Water and Electricity supply

 Contractor’s supervision and management

 Vehicle for PM and equipment


Progress Payment

 In accordance with Conditions of Contract,


progress or interim payment is made at least
once a month

 Amount of 75% of materials on site may be


added to the claim.

 Evaluation for progress payment is usually


based on monthly claim submitted by
contractor e.g. shortly before site meeting.
Progress Payment

 PM will inspect the site together with the


contractor and evaluate the claim

 Within 14 days, PM must issue an Interim


Certificate stating amount to be paid and
details of any payment made.

 Within 30 days, client should issue cheque.


Variation / Contract Modification
 Very often in construction, the final contract sum
is different from the original.
 This is due to Variation Order (V.O.) works which
is normal in construction projects e.g. additional
scope of work based on client’s request, design
discrepancies or overlook, re-measurement of
quantities (BQ contract), EOT, Price Fluctuation-if
contract provides etc.

 VO must be based on an PM’s instruction

 VO can be addition or deduction, but usually


meant addition
Retainage

 Many construction contracts, especially


those that involve competitive bidding,
provide that a certain percentage of the
progress payments will be retained by the
owner.

 In the usual instance, the accumulated


retainage remains in the possession of the
owner until the project is completed and
the final payment is made, with the owner
paying the contractor no interest on these
funds.
Retainage

 A Retainage of 10% for the entire project is


typical.
 Owners look on retainage as further protection
against possible eventualities such as
contractor failure to remedy defective work,
other claims against the project, collection of
damages from the contractor for late
completion, payment of damages to others
caused by contractor’s performance, and similar
claims that the owner may be called upon to
settle.
Retainage cont’d

 Retainage induces the contractor to:


 Maintain orderly progress of the work
 Produce quality construction
 Keep the work on schedule

 Despite these considerations, however, retainage does


have some undesirable aspects for owners, general
contractors, and subcontractors alike.
 This retainage produce a real cash flow problem to the general
contractors, increase interests on his loans and enforce him to
increase the construction cost for the owners.
Retainage cont’d
To mitigate the undesirable effect of retainage, a number of
changes and innovations have been introduced in recent
years:

 Retainage will be held only in the first half of the project


period and if the contractor’s performance satisfies the
owner, the next half payments will be in full.

 Only 5% of retainage can be applied on the project


payments.

 Work satisfaction may encourage the owner to stop


retainage from payments.

 No retainage for projects that is on or ahead of


schedule.
Delays of Work Progress

 If the works are delayed and progress is


behind schedule as such the Engineer
feels there is possibility that contractor
may not complete work in time, then the
Engineer may
 issue reminder
 warning letters
 discuss and try to help solve the problem
 ask contractor to revise schedule
Delays of Work Progress
 If the works are delayed and progress is behind
schedule as such the Engineer feels that the
project will not be completed by the date of
completion stipulated in the contract, then:

 If the contractor has valid reasons that the delay


is beyond his control or is due to the client’s fault,
then, the contractor may apply Extension of Time
(EOT)

 If the fault is on the contractor’s side, then


Engineer may impose Liquidated Ascertain
Damages (LAD)
Extension of Time (EOT)
 Acceptable reasons:
 Force majeure
 Abnormal (inclement) weather
 Delay caused by client e.g. in providing drawings or specifications or
providing the site (not ready)
 Engineer instructions leading to variations
 Labour on strike (nationwide level, not one confined to company)
 Delays in appointing nominated contractors or suppliers or delays in
their work which may have affected the main works
 Reasons beyond his/her control e.g. Nation wide shortage of primary
materials or shortage of labour
 Sharp rise in construction material price e.g. cement, steel, fuel(?)

 EOT is normally given in weeks

 Must apply 3 months before contract expires


Liquidated and Ascertain Damages (LAD)

 A penalty imposed on the contractor for


the financial damages suffered by client
as a result of the contractor completing
the project beyond the completion date
as agreed in the contract.

 LAD is imposed on daily basis

 Enough warning must be given


Contractor’s Default Action/Non-Completion, and
Termination

 In extreme case, if the Engineer finds that


the progress of the works is very slow, or
there is a very long delay all of which is
due to the contractor’s fault, and the
Engineer feels that the project will not be
completed at all, then the Engineer can
initiate a termination process
Contractor’s Default Action/Non-Completion, and
Termination

 Termination clause in conditions of contract


allows the owner to take over possession of
site as well as work/materials/equipment on
site to complete project at contractor’s
expense.

 However, the Engineer must have given


contractor enough warning before proceeding
with the action e.g. three reminder letters
and a documented final letter of Engineer’s
intention to terminate contract.
Completion of Contract Works

 Contractor may complete the works within the


date originally stated in the contract or within the
extended time.

 “Complete” here refers to “Practical Completion”-


a stage where the project constructed has
achieved its intended function, or can be occupied
or used despite some outstanding works to be
completed, or despite some repair works which, if
carried out, will not cause inconvenience to the
users or occupiers.
Completion of Contract Works cont’d

 From joint inspection, if both PM and client


agree that the project has reached practical
completion, a “Certificate of Practical
Completion”(CPC) is issued to the contractor,
together with a list of outstanding work and
defects observed in the project.

 The effective date on the certificate marks
the beginning of the “Defects Liability Period”
(DLP)
Handing Over and Demobilization

 Upon completion of the whole or part of the


project, a handing over document is prepared
and signed by the client.

 This starts the handing over of responsibility to


the client for the whole or part of the site.

 Contractor can then start demobilizing from site


but his/her responsibility does not end here

 Obligations under Defects Liability Period (DLP)

 At the end of DLP;


• CMGD (end of obligation under contract) is issued to contractor
• Performance Bond is released
LOGO

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