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Interest on under certification

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Wed, 2005-08-03 00:04
Shahzad Munawar
User offline. Last seen 9 years 26 weeks ago. Offline
Joined: 2 Jul 2003
Posts: 551
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With respect to Contractors, it is observed that Engineers/Consultants deliberately undervalue the work in monthly interim payment certificates. Due to this under certification the Engineers/Consultants holds a lot of money with this intention that the Contractors are not overpaid

The said under-certification causes a set back to the Contractor’s cash flow which severely affects its progress of Works.

Contractors oftenly claim interest on the late certification and late receipt of payments.
Can a Contractor claim interest on such under certified amounts?
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