Extended Overhead Cost Payment due on what time?
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Dear Christian,
Please read the claim closure agreement carefully especially the terms of payment. Maybe they stated that it will be paid at the end of the Contract.
Best Regards,
Samer
Thanks for the Response kind sir.
Maybe the client didnt anticipate it in their cash flow...
Regards,
Christian
Dear Christina,
This should be paid, if already approved by the client, through the regular Interium Payment Certificates in the variation orders line budget.
If they are delaying payment, then you can treat it like a delayed payment as ask for the interest to be paid as well.
With kind regards,
Samer