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Turn-key payment for small infrastructure project

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Turn-key payment for small infrastructure project

Post by olrac_tm on Wed Jun 01, 2011 5:43 pm

may i request from the members any documents or reference for turn-key mode of payment for small infra project. thanks
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Re: Turn-key payment for small infrastructure project

Post by sunriser431 on Wed Jun 01, 2011 7:21 pm

olrac_tm wrote:may i request from the members any documents or reference for turn-key mode of payment for small infra project. thanks
Hi "olrac_tm", could you please elevorate further the subject of your concern. So other members can share opinion. Thanks bounce
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Re: Turn-key payment for small infrastructure project

Post by engrjhez® on Thu Jun 02, 2011 3:09 pm

olrac_tm wrote:may i request from the members any documents or reference for turn-key mode of payment for small infra project. thanks

Please refer to the General (and Special) Conditions of the Contract as stipulated in the PBDs (4th Edition). Turn-key projects are somewhat similar to Design and Build Scheme. But I believe under turn-key scheme, payment is only allowed upon turn-over of the ready-to-occupy project. Smile
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Re: Turn-key payment for small infrastructure project

Post by Jovinal on Fri Mar 09, 2012 10:03 pm

What do you mean by the phrase turn-key mode of payment ?
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Re: Turn-key payment for small infrastructure project

Post by engrjhez® on Fri Mar 09, 2012 11:58 pm

Jovinal wrote:What do you mean by the phrase turn-key mode of payment ?

No (progress) payment until full turn-over. Smile
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