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Payment Process in Construction

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Payment Process in Construction

Payment is an essential component of any construction project, and it must be ensured that it is completed on time. The FIDIC contract specifies payment details, such as the time of payment, advance payment, retention money, and financial steps after taking over.

This 3-hour Continuing Professional Development (CPD) course provides attendees with an extensive knowledge of the payment process in the construction industry based on the FIDIC Red Book 1999.

What will you learn?

  • Types of Payments
  • Advance, Interim & Final Payments
  • Delay Payments
  • Discharge Letter
  • Payment Timeline
  • Key Elements in IPA
  • Material On-Site & Off-Site
  • Statement at Completion
  • Final Account
  • Common Practice in Gulf

Who can attend this CPD?

Freshers, Quantity Surveyors, Engineers, Estimators, AutoCAD Draftsman, Document Controllers, Cost Professionals, Other Construction Professionals, Engineering Students, Quantity Surveying Students, Sub-Contractors, Freelancers, Gulf Job Seekers etc.

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More Details:

  • Date :Saturday 17th February 2024
  • Time :9.30am - 3.30pm
  • Duration :3 Hours
  • Medium :English / Tamil
  • Mode :In-Class / Online

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