13.4 PAYMENT IN APPLICABLE CURRENCIES ..................................................................................... 55 13.5 PROVISIONAL SUMS ................................................................................................................... 55 13.6 DAYWORK ................................................................................................................................. 56 13.7 ADJUSTMENTS FOR CHANGES IN LEGISLATION ......................................................................... 56 13.8 ADJUSTMENTS FOR CHANGES IN COST ...................................................................................... 57
14 CONTRACT PRICE AND PAYMENT ......................................................57 14.1 THE CONTRACT PRICE .............................................................................................................. 57 14.2 ADVANCE PAYMENT................................................................................................................... 58 14.3 APPLICATION FOR INTERIM PAYMENTS. ..................................................................................... 59 14.4 SCHEDULE OF PAYMENTS .......................................................................................................... 60 14.5 PLANT AND MATERIALS INTENDED FOR THE WORKS................................................................. 60 14.6 INTERIM PAYMENTS .................................................................................................................. 61 14.7 TIMING OF PAYMENTS ............................................................................................................... 61 14.8 DELAYED PAYMENT .................................................................................................................. 62 14.9 PAYMENT OF RETENTION MONEY ............................................................................................. 62 14.10 STATEMENT AT COMPLETION ................................................................................................... 63 14.11 APPLICATION FOR FINAL PAYMENT.......................................................................................... 63 14.12 DISCHARGE ............................................................................................................................. 64 14.13 FINAL PAYMENT ...................................................................................................................... 64 14.14 CESSATION OF EMPLOYER’S LIABILITY ................................................................................... 64 14.15 CURRENCIES OF PAYMENT....................................................................................................... 65
15 TERMINATION BY EMPLOYER .............................................................66 15.1 NOTICE TO CORRECT................................................................................................................. 66 15.2 TERMINATION BY EMPLOYER .................................................................................................... 66 15.3 VALUATION AT DATE OF TERMINATION ...................................................................................... 68 15.4 PAYMENT AFTER TERMINATION ................................................................................................. 68 15.5 EMPLOYER’S ENTITLEMENT TO TERMINATION .......................................................................... 68
16 SUSPENSION AND TERMINATION BY CONTRACTOR ......... 69 16.1 CONTRACTOR’S ENTITLEMENT TO SUSPEND WORK .................................................................. 69 16.2 TERMINATION BY CONTRACTOR ................................................................................................ 69 16.3 CESSATION OF WORK AND REMOVAL OF CONTRACTOR’S EQUIPMENT ...................................... 70 16.4 PAYMENT ON TERMINATION ...................................................................................................... 71
