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4.2.2. Responsibilities of the employer
As underlined above, in contract for work as per TCO, the contractor’s responsibilities…
“The employer’s debt to make payment becomes due after the handing – over of the work. …
If the partial delivery is agreed and accordingly the payment is determined based on the parts, the price of every part becomes due after handing – over the concerned part.”…
In construction sector, since the magnitude of the works are huge, and thereto the…
“The Contractor shall submit a Statement in six copies to the Engineer after the end of the period of payment stated in the Contract (if not stated, after the end of each month), in a form approved by the Engineer, showing in detail the amounts to which the Contractor considers himself to be entitled, together with supporting documents.…
The Statement shall include the following items, as applicable, which shall be expressed in the various currencies in which the Contract Price is payable, in the sequence listed:…
(a) the estimated contract value of the Works executed and the Contractor’s Documents produced up to the end of the month”…
Since the subject of the book is not related to employer’s obligations i.e. the contractor’s…
4.2.1.2.3. Supply of materials and equipment
5. DEEP UNDERSTANDING OF THE EMPLOYER’S RIGHT FOR TERMINATION DUE TO DEFAULT OF THE CONTRACTOR AND THE PROCEDURE TO BE FOLLOWED IN THIS REGARD UNDER THE AMBIT OF TCO AND FIDIC CONTRACTS