Can I read Recoupment of Advance Payment in Construction on EtoBox?

Recoupment of Advance Payment in Construction by neutron_87 is a document available to read on EtoBox.

What is Recoupment of Advance Payment in Construction about?

The document outlines the process for recouping an advance payment made to a builder. It states that the advance payment will be recouped when 25% of the total contract value has been certified in progress payments. It provides a formula to calculate the deduction for recoupment each period based on the advance paid, total contract value, and gross certified value. It then applies this formula to an example project and shows the recoupment amount to be deducted for the current period, leaving a balance stil

Author

neutron_87

Language

EN