It is our philosophy to, whenever possible, produce Contract Documents for each Work Package and ensure that they are executed prior to each Contractor commencing on site.
Interim Valuations are an important financial control tool that is implemented throughout the Construction and Post Contract phases.
The process is outlined below:
Applications for payment are to be received by the Construction Manager by the penultimate Wednesday of each month from the Trade Contractors, to include work carried out and materials on site up to and including that penultimate Wednesday of the month.
The Construction Manager will then analyse and verify the Trade Contractor’s application as a true record of completed works and materials on site, making any substantiated adjustments that are required and agreeing the gross value to be certified with the Trade Contractors.
The Construction Manager will then request and obtain an original bona fide VAT invoice from each Trade Contractor in the agreed sum.
A Certificate for Payment will then be raised by the Construction Manager on the last Wednesday of the month to compliment the Trade Contractors invoice.
The Certificates and corresponding invoices are passed to the Employer on the date of the Construction Manager’s Certificate.
The final date for payment by the Employer shall be within an agreed timescale of the Construction Managers Certificate.
Changes throughout the project are controlled by the use of Project Instruction forms.
Once a change is identified a Project Instruction Form is completed identifying the following:
Description of the change
The reason for change
Consideration and evaluation of cost implications
Consideration and evaluation of time implications
The Project Instruction Form is submitted to the Client for approval and issued to the relevant Work Package Contractor.
trundley as part of its contract administration role, will issue Practical Completion & Making Good Defects Certificates to the Trade Contractors; the award of these Certificates will be at the discretion of the Construction Manager.
This certification is recognized by the JCT Form of Contract and as such represents a contractual milestone.