About this document
Modes of Contractor Payments Explained by 39 - Deep Mandokar is a document available to read on EtoBox.
The document discusses various modes of payment to contractors for construction work: 1. Interim payments are partial payments made monthly for work in progress. Advance payments are made where work is sufficiently progressed but not yet measured. 2. First and final payment is a single payment made for small works on completion. The final bill is the last payment made on completion to settle all accounts. 3. Retention money of 10-15% of monthly payments is withheld until completion to ensure work quali
- Author
- 39 - Deep Mandokar
- Language
- EN