Forensic Claims Analysis Member for 17 years 3 months Member for 17 years 3 months Submitted by Samer Zawaydeh on Sat, 2009-05-02 11:12 Permalink RE: Extended Overhead Cost Payment due on what time? 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 Member for 17 years 6 months Member for 17 years 6 months Submitted by Christian Niedo on Fri, 2009-05-01 23:57 Permalink RE: Extended Overhead Cost Payment due on what time? Thanks for the Response kind sir. Maybe the client didnt anticipate it in their cash flow... Regards, Christian Member for 17 years 3 months Member for 17 years 3 months Submitted by Samer Zawaydeh on Fri, 2009-05-01 07:50 Permalink RE: Extended Overhead Cost Payment due on what time? 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 Log in or register to post comments
Member for 17 years 3 months Member for 17 years 3 months Submitted by Samer Zawaydeh on Sat, 2009-05-02 11:12 Permalink RE: Extended Overhead Cost Payment due on what time? 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
Member for 17 years 6 months Member for 17 years 6 months Submitted by Christian Niedo on Fri, 2009-05-01 23:57 Permalink RE: Extended Overhead Cost Payment due on what time? Thanks for the Response kind sir. Maybe the client didnt anticipate it in their cash flow... Regards, Christian
Member for 17 years 3 months Member for 17 years 3 months Submitted by Samer Zawaydeh on Fri, 2009-05-01 07:50 Permalink RE: Extended Overhead Cost Payment due on what time? 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
Member for
17 years 3 monthsRE: Extended Overhead Cost Payment due on what time?
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
Member for
17 years 6 monthsRE: Extended Overhead Cost Payment due on what time?
Thanks for the Response kind sir.
Maybe the client didnt anticipate it in their cash flow...
Regards,
Christian
Member for
17 years 3 monthsRE: Extended Overhead Cost Payment due on what time?
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