Hello Everyone,
I am working in Oil and Gas Sector on the Main Contractor Side. The senario here is we have a Contract with Cleint which says the Client Review period is 5 Calendar Days after Issue of Deliverable.
If the Client didnt respond back in 5 days I take the Deliverbale to be approved and take the full credit. The Example is below,
| Start | IDC | Issue for Approval | Comments from Client | Reissue | Approved for IFC |
| 5% | 30% | 30% | 20% | 10% | 5% |
So is it Ok to take the credit after the review period if the Client has not responded or should I wait till the Client responds to take the credit. Some times the Client takes 1 Month to respond.
What is your view on this ?
Regards
Jithin