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1. Parties: Identification and details of all parties to the contract
2. Background: Context of the agreement and relationship between the parties
3. Definitions and Interpretation: Definitions of key terms and rules for interpreting the contract
4. Payment Terms: Core payment obligations, amounts, and timing
5. Payment Claims and Schedules: Process for submitting and responding to payment claims
6. Payment Methods: Accepted methods of payment and processing details
7. Dispute Resolution: Procedures for resolving payment-related disputes
8. GST and Taxation: Treatment of GST and other applicable taxes
9. Default and Consequences: Consequences of payment default and remedies
10. Term and Termination: Duration of the agreement and termination provisions
11. General Provisions: Standard boilerplate clauses including notices, governing law, and jurisdiction
1. Security Provisions: Required when payment security such as bank guarantees or performance bonds are needed
2. Interest on Late Payments: Include when charging interest on overdue amounts
3. Set-off Rights: Include when parties need the right to set off mutual debts
4. Step-in Rights: Include for critical services where alternative payment arrangements might be needed
5. Currency and Exchange Rates: Required for international payments or multiple currency arrangements
6. Force Majeure: Include when payment obligations might be affected by unforeseen events
7. Third Party Rights: Include when payments might involve or affect third parties
8. Confidentiality: Include when payment details need to remain confidential
1. Payment Schedule: Detailed breakdown of payment amounts, dates, and milestones
2. Rate Card: Schedule of rates and prices for various items or services
3. Payment Claim Forms: Template forms for submitting payment claims
4. Bank Account Details: Secure schedule containing payment account information
5. Performance Criteria: Metrics or deliverables linked to payment schedules
6. Security Documents: Forms of security or guarantee documents
7. Variation Rates: Agreed rates for variations or additional works
8. Key Personnel: List of authorized persons for payment approval and processing
Bank Guarantee
Business Day
Claim Date
Completion Date
Contract Sum
Date of Payment
Due Date for Payment
Excusable Delay
Final Payment Claim
GST
Independent Certifier
Interest Rate
Material Breach
Milestone
Outstanding Amount
Payment Certificate
Payment Claim
Payment Date
Payment Dispute
Payment Schedule
Payment Terms
Performance Security
Principal
Progress Claim
Progress Payment
Reference Date
Retention Amount
Retention Sum
Schedule of Rates
Security of Payment Act
Scheduled Amount
Services
Subcontractor
Supporting Documentation
Tax Invoice
Variations
Work under the Contract
Works
Payment Claims
Payment Schedules
Certification Process
Default and Remedies
Security of Payment
Retention
Bank Guarantees
GST and Taxation
Interest Charges
Set-off Rights
Dispute Resolution
Payment Records
Variations
Force Majeure
Confidentiality
Notices
Assignment and Novation
Governing Law
Electronic Payment Provisions
Security Interest
Time for Payment
Progress Claims
Final Payment
Payment Methods
Currency
Insurance
Performance Security
Termination
Indemnity
Limitation of Liability
Construction
Infrastructure
Property Development
Mining
Engineering
Professional Services
Manufacturing
Facilities Management
Project Management
Commercial Real Estate
Legal
Finance
Commercial
Operations
Procurement
Project Management
Contract Administration
Risk Management
Accounts Payable
Accounts Receivable
Contract Manager
Project Manager
Financial Controller
Commercial Manager
Quantity Surveyor
Construction Manager
Finance Director
Chief Financial Officer
Procurement Manager
Account Manager
Claims Manager
Legal Counsel
Operations Manager
Contract Administrator
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