Page 42 - Interactive report Ar Site Practice

INTERIM PROGRESS PAYMENT WHO PREPARES INTERIM PAYMENT
CERTIFICATE?
In Malaysia, the standard forms of
contract had provided clauses for the The Housing Grants, Construction and
payment application and certification. Regeneration Act stipulates that interim
The related payment clauses in respect or stage payments are due to any party to
of the various conditions of contract in a construction contract that has a
use in Malaysia are as the following: duration of more than 45 days. Therefore,
almost all constructions contain
In PAM 2006 Sub- Clause 30.1, requires provisions for interim payments.
the Contractor to submit sufficient
details or particulars to the Architect for
him to value and ascertain the works HOW OFTEN ARE INTERIM
(including materials and goods on site) CERTIFICATES ISSUED?
and issue interim certificate for

Contractor‟s entitlement to payment. The Housing Grants, Construction and
The materials and goods on site shall be Regeneration Act stipulates that interim
reasonably, properly and not or stage payments are due to any party to
prematurely delivered with adequate a construction contract that has a
protection against weather or any other duration of more than 45 days. Therefore,
casualties almost all constructions contain
provisions for interim payments.

WHAT IS INTERIM CERTIFICATE
MALAYSIA

Interim certificates provide a mechanism for

the client to make payments to the contractor
before the works are complete. The Housing
Grants, Construction and Regeneration Act,
states that a party to a construction contract
in excess of 45 days is entitled to interim or
stage payments.