ABSTRACT
The amounts certified in respect of Nominated Sub-contracts shall be shown separately in the certificate. 1 1 The Engineer shall not be bound to issue an interim certificate for a sum less than that named in the Appendix to the Form of Tender. 1 2
(3) Not later than 3 months after the date of the Maintenance Certificate the Contractor shall submit to the Engineer a statement of final account 1 3 and
supporting documentation showing in detail the value 1 4 in accordance with the Contract of the work done in accordance with the Contract together with all further sums which the Contractor considers to be due to him under the Contract up to the date of the Maintenance Certificate. 1 5 Within 3 months after receipt of this final account and of all information reasonably required for its verification 1 6
the Engineer shall issue a final certificate stating the amount which in his opinion is finally due under the Contract up to the date of the Maintenance Certificate and after giving credit to the Employer for all amounts previously paid by the Employer and for all sums to which the Employer is entitled under the Contract 1 7 up to the date of the Maintenance Certificate 1 5 the balance i f any due from the Employer to the Contractor or from the Contractor to the Employer as the case may be. Such balance shall subject to Clause 4 7 1 8 be paid to or by the Contractor as the case may require within 28 days of the date of the certificate. 1 9
(4) The retention to be made pursuant to sub-clause (2) (a) of this Clause shall be a sum equal to 5 per cent of the amount due to the Contractor until a reserve shall have accumulated in the hand of the Employer up to the following limits:
(a) where the Tender Total does not exceed £50,000 5 per cent of the Tender Total but not exceeding £1,500; or
(b) where the Tender Total exceeds £50,000 3 per cent of the Tender T o t a l ; 2 0
except that the limit shall be reduced by the amount of any payment that shall have been made pursuant to sub-clause (5) of this Clause.
