must release the guarantee after the expiry of the contract liability period as provided for in the specific contract. The contracting authority must not request a retention money guarantee for a specific contract where it has requested a performance guarantee. Interim payments and payment of the balance The contractor (or leader in the case of a joint tender) must send an invoice for interim payment, as provided for in Article I.6 or in the tender specifications or in the specific contract. The contractor (or leader in the case of a joint tender) must send an invoice for payment of the balance within 60 days of the end of the period of provision of the supplies, as provided for in Article I.6, in the tender specifications or in the specific contract. Payment of the invoice and approval of documents does not imply recognition of the regularity, authenticity, completeness and correctness of the declarations and information they contain. Payment of the balance may take the form of recovery. Suspension of the time allowed for payment The contracting authority may suspend the payment periods specified in Article I.6 at any time by the contractor (or leader in the case of a joint tender) that its invoice cannot notifying be processed. The reasons the contracting authority may cite for not being able to process an invoice are: (a) because it does not comply with the FWC; (b) because the contractor has not produced the appropriate supplies or documents; or (c) because the contracting authority has observations on the supplies or documents submitted with the invoice. The contracting authority must the contractor (or leader in the case of a tender) as notify soon as possible of any such suspension, giving the reasons for it. Suspension effect on the date the contracting authority sends the The notification. remaining payment period resumes from the date on which the requested information or revised documents are received or the necessary further verification, including on-the-spot checks, is carried out. Where the suspension period exceeds two months, the contractor (or leader in the case of a joint tender) may request the contracting authority to justify the continued suspension. Where the payment periods have been suspended following rejection of a document referred to in the first paragraph of this Article and the new document produced is also rejected, the contracting authority reserves the right to terminate the specific contract in accordance with Article II.17.1(c).
must release the guarantee after the expiry of the contract liability period as provided for in the specific contract. The contracting authority must not request a retention money guarantee for a specific contract where it has requested a performance guarantee. Interim payments and payment of the balance The contractor (or leader in the case of a joint tender) must send an invoice for interim payment, as provided for in Article I.6 or in the tender specifications or in the specific contract. The contractor (or leader in the case of a joint tender) must send an invoice for payment of the balance within 60 days of the end of the period of provision of the supplies, as provided for in Article I.6, in the tender specifications or in the specific contract. Payment of the invoice and approval of documents does not imply recognition of the regularity, authenticity, completeness and correctness of the declarations and information they contain. Payment of the balance may take the form of recovery. Suspension of the time allowed for payment The contracting authority may suspend the payment periods specified in Article I.6 at any time by notifying the contractor (or leader in the case of a joint tender) that its invoice cannot be processed. The reasons the contracting authority may cite for not being able to process an invoice are: (a) because it does not comply with the FWC; (b) because the contractor has not produced the appropriate supplies or documents; or (c) because the contracting authority has observations on the supplies or documents submitted with the invoice. The contracting authority must notify the contractor (or leader in the case of a tender) as soon as possible of any such suspension, giving the reasons for it. Suspension effect on the date the contracting authority sends the notification. The remaining payment period resumes from the date on which the requested information or revised documents are received or the necessary further verification, including on-the-spot checks, is carried out. Where the suspension period exceeds two months, the contractor (or leader in the case of a joint tender) may request the contracting authority to justify the continued suspension. Where the payment periods have been suspended following rejection of a document referred to in the first paragraph of this Article and the new document produced is also rejected, the contracting authority reserves the right to terminate the specific contract in accordance with Article II.17.1(c).
annex_2_-_draft_fwc_-_updated_version.docx