An Introduction to the Payment Process under the Public Works Contract
An Introduction to the Payment Process under the Public Works Contract
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In this course, you will gain an understanding of the payment process under the Public Works Contract (PW-CF3), including how interim payments, retention, and final statements are managed to balance contractor cashflow with employer protections.
Learning Outcomes
Learning Outcomes
By the end of this course, you should be able to:
• Understand the procedures and timelines for interim payments, retention, and final statements under Public works contracts
• Apply rules on inflationary adjustments if appropriate, including eligibility criteria and vouching requirements.
• Recognise strategies for valuing variations, managing retention bonds, and resolving payment disputes effectively
About the Author
About the Author
This course is produced by Built Intelligence, in association with Sean Callan.
Sean provides expertise in dispute resolution, contractual and commercial problem solving, contract evaluation and drafting and business development.
He is professionally qualified and has over 25 years of construction experience, and over 10 years experience of helping companies in the construction sector to resolve all disputes, using advanced negotiation skills, adjudication, mediation and arbitration.
