of the at the Date (“10% Contract Price of applies if not filled in). Contract” Payment date and method A - Date for Payment Claims Mentioned in clause 58.1 The date in the month for making » is: last prior to the end Payment Claims Business Day (“the of each calendar applies if not month” filled in). B - Method of payment Mentioned in clause 58.2 for which payment will » Milestones Milestone not be made until after they reach » Milestone applies if not filled Completion: (“Not applicable” in). Completion Amount Mentioned in clause 60 The is: $ » Completion Amount applies if not filled in). (“$ NIL” The is payable » Completion Amount after: of the whole of the (“Completion applies if not filled in). Works” (Completion of the whole of the Works/Completion of ») Milestone Interest on late payments Mentioned in clause 62 The rate of interest per annum is: » applies if not filled in). (“8%” Delay costs Delay costs and liquidated damages Mentioned in clauses 34 & 51 A1 - Delay costs for delay in access to the Site The rate in item 49A1 applies only if the Principal fails to give initial access to the Site as required by clause 34. The rate does not apply where the Principal fails to give Site access for a by the required time, unless that is the first to proceed Milestone Milestone after the Contractor has established on the Site. The rate per day for delay costs due $ » to the failure to give the Principal’s Contractor initial access to the Site in accordance with clause 34 is:
(“10% of the Contract Price at the Date of Contract” applies if not filled in). Payment date and method A - Date for Payment Claims Mentioned in clause 58.1 The date in the month for making Payment Claims is: » (“the last Business Day prior to the end of each calendar month” applies if not filled in). B - Method of payment Mentioned in clause 58.2 Milestones for which payment will not be made until after they reach Completion: Milestone » Milestone » (“Not applicable” applies if not filled in). Completion Amount Mentioned in clause 60 The Completion Amount is: $ » (“$ NIL” applies if not filled in). The Completion Amount is payable after: (Completion of the whole of the Works/Completion of Milestone ») » (“Completion of the whole of the Works” applies if not filled in). Interest on late payments Mentioned in clause 62 The rate of interest per annum is: » (“8%” applies if not filled in). Delay costs Delay costs and liquidated damages Mentioned in clauses 34 & 51 A1 - Delay costs for delay in access to the Site The rate in item 49A1 applies only if the Principal fails to give initial access to the Site as required by clause 34. The rate does not apply where the Principal fails to give Site access for a Milestone by the required time, unless that Milestone is the first to proceed after the Contractor has established on the Site. The rate per day for delay costs due to the Principal’s failure to give the Contractor initial access to the Site in accordance with clause 34 is: $ »
gc21-edition-2-general-conditions.docx