| What are the requirements to be complied with before progress payments can be paid to the works contractor before the contract is signed?
| | | Progress payments may be paid to works contractor 3 times in the first 4 months after the release of offered Letter of Acceptance and before an agreement was officially signed with the following conditions:
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(a) | The contractor submits a signed offered Letter of Acceptance;
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(b) | Performance Bond in the form of bank / insurance guarantees set forth in the contract submitted by the contractor; and
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(c) |
All work insurance policies, public liability SOCSO or workers' compensation specified in the contract submitted by the contractor. | | | | | | | The next progress payment (after 4 months) can only be made after a formal contract agreement is signed.
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Last Updated on Sunday, 01 April 2012 11:26 |
Integrated Sistem Pemantauan Aduan Agensi Awam
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