General Timeline For Contract Valuations Note - This is a general guide for information purposes.

Contract specific amendments and revisions to standard forms may result in changes to the timeline. Always consult the contract conditions for your contract for full details. JCT SBCC 2005 SBC/Q/Scot Section 4 Day Assume 1 month cycle for interim certificates stimpulated, clause 4.9.2 Contract executed JCT SBCC 2005 SBC/DB/Scot Section 4, Alternative B Assume 1 month cycle for interim certificates stimpulated, clause 4.9.2 Contract executed JCT SBCC 2005 SBC/XQ/Scot Section 4 Assume 1 month cycle for interim certificates stimpulated, clause 4.9.2 Contract executed JCT 2005 SBC/Q JCT 1998 SBC Private with Quantities Section 30 Assume 1 month cycle for interim certificates stimpulated, clause 30.1.3 Contract executed GC/Works Single Stage D&B (1998) GC/Works With Quantities (1998) GC/Works Without Quantities (1998) NEC 3 2005 FIDIC Conditions of Contract for Construction 1999 Clause 14 Payment cycle at end of each month, clause 14.3, unless scheduled otherwise Contract executed

Section 4 Assume 1 month cycle for interim certificates stimpulated, clause 4.9.2 Contract executed

0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21

Sections 48 and 50 Sections 48 and 50 Sections 48 and 50 Alternative "C" Alternative "C" Alternative "C" Subsequent payments Subsequent payments Subsequent payments on the equivalent day of on the equivalent day of on the equivalent day of each subsequent month each subsequent month each subsequent month - clause 50(2) - clause 50(2) - clause 50(2) Contract executed Contract executed Contract executed

Section 5 and Option Y Assume 4 week "assessment interval"

Contract executed

Last date contractor shall supply to the PM information to calculate entitlement, clause 50(1) Last date contractor may choose to issue application to the QS, clause 4.12 Last date contractor may choose to issue application to the QS, clause 4.12 Interim valuation made by the QS "whenever the CA considers them necessary", clause 4.11, or upon receipt of the Contractor's application under clause 4.12 Last date contractor may choose to issue application to the QS, clause 4.12 Interim valuation made by the QS "whenever the CA considers them necessary", clause 4.11, or upon receipt of the Contractor's application under clause 4.12 Last date contractor may choose to issue application to the QS, clause 30.1.2.2 Interim valuation made by the QS "whenever the Architect considers them necessary", clause 30.1.2.1, or upon receipt of the Contractor's application under clause 30.1.2.2

Last date contractor shall supply supply to the PM information to calculate entitlement, clause 50(1)

22 23

24 25 Interim valuation made by the QS "whenever the CA considers them necessary", clause 4.11, or upon receipt of the Contractor's application under clause 4.12 26 27 28

Last date Employer and Contractor can elect as the monthly certification issue date, clause 50(2). Contractor to issue invoice, clause 50(6)

Last date Employer and Contractor can elect as the monthly certification issue date, clause 50(2). Contractor to issue invoice, clause 50(6)

Last date Employer and Contractor can elect as the monthly certification issue date, clause 50(2). Contractor to issue invoice, clause 50(6)

Assessment Date, clause 50.1

29 30 End of first month - CA to issue interim certificate, clause 4.9.2

End of first month Application for Interim payment by the Contractor to the Employer, clause 4.9.2

End of first month - CA to issue interim certificate, clause 4.9.2

End of first month - CA End of first month - CA to issue interim to issue interim certificate, clause 4.9.2 certificate irrespective of application by contractor, clauses 30.1.1.1, 30.1.2.2 and 30.1.3

End of first month Contractor submits statement of amounts due, clause 14.3

31 32 33

Notice of basis of payment to be given, clause 50A(1) Date by which Employer Date by which Employer must notify the must notify the Contractor of details of Contractor of details of the proposed payment, the proposed payment, clause 4.13.3 clause 30.1.1.3

Notice of basis of payment to be given, clause 50A(1)

Notice of basis of payment to be given, clause 50A(1) Date by which Project Manager certifies payment, clause 51.1, Payment becomes due, clause Y2.2

34 35 Date by which Employer Date by which Employer Date by which Employer must notify the must notify the must notify the Contractor of details of Contractor of details of Contractor of details of the proposed payment, the proposed payment, the proposed payment, clause 4.13.3 clause 4.10.3 clause 4.13.3 36 37 38 39

Date by which the Employer must notify the Contractor of any monies they intend to withhold, clause 4.13.4

Date by which the Employer must notify the Contractor of any monies they intend to withhold, clause 4.10.4

Date by which the Employer must notify the Contractor of any monies they intend to withhold, clause 4.13.4

Date by which the Employer must notify the Contractor of any monies they intend to withhold, clause 4.13.4

Date by which the Employer must notify the Contractor of any monies they intend to withhold, clause 30.1.1.4

40 41 42

Final date for issue of notice to withold payment, clause Y2.3 Final date for payment, clause 4.10.1 Final date for payment, clause 4.13.1 Final date for payment, clause 4.13.1 Final date for payment, clause 30.1.1

43 44 Final date for payment, clause 4.13.1 45 46 47 48 49

Date for payment, clause 51.2, Final date for payment, clause Y2.2 Date by which the Date by which the Date by which the Employer must notify Employer must notify Employer must notify the Contractor of any the Contractor of any the Contractor of any monies they intend to monies they intend to monies they intend to withhold, clause 50A(2) withhold, clause 50A(2) withhold, clause 50A(2)

50 51

52 53 54 55 56 57 58

Payment must be made Payment must be made Payment must be made by the employer within by the employer within by the employer within 30 days of the 30 days of the 30 days of the submission of an invoice submission of an invoice submission of an invoice following receipt of following receipt of following receipt of interim certificate, interim certificate, interim certificate, clause 50(6) clause 50(6) clause 50(6)

Final date for engineer to certify sums due for payment, clause 14.6

59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79

Employer shall make first payment, clause 14.7(a)

80 81 82 83 84 85 86

Employers shall make subsequent payments 56 days after receipt of information to be provided in clause 14.3, clause 14.7(b)

87 88 89 90 Note the differing procedure should the CA NOT issue certificates, clause 4.9 generally Clause 4.9.2 requires that a schedule of payments be included in the Contract Particulars. The dates will vary from contract to contract. Note the differing procedure should the CA NOT issue certificates, clause 4.9 generally Note - Standard form does not comply with the Housing Grants, Construction and Regeneration Act 1996.