How To Prepare Interim Payment Application For A Complete Project - Full Project Example 

Thanks for your effort to share your knowledge.. I have a doubt regarding the recovery of advance payment in IP 05. In IP 04, an Amount of AED 864 is remaining in advance payment. Why is it not deducted in IP 05? Pls explain

Let say: The Contractor money in Hand is 7,565 from adv and he claimed a work done of 13,390 which give a total of 20,955 but the client wants to get back the Retention and Recovery of that work done(13,390 - 1,339 - 1,339 = 10,712). so, the new total will be (7,565 + 10,712 = 18,277) which is the cumulative amount, therefor the client will pay the contractor of (18,277 minus Prev 7,567) = 10,712. (i am not very sure if that how the scenario is, in the 1st payment application) thank you very much Sir for your explanation soon.

I have my VIVA Exam test & the problems i had with the IPA were solved.Thank you very much Sir!

You are a life saver... Thanks brother; pls don't stop thinking its getting lesser views.. whoever views it gets the full clear view.. so pls carry on

One of the best teacher i have ever seen in my life. Thank u sir for ur explanation. ❤

Dear Mr. Ahmed, Your sincere explanation about preparation of payment certificate is very outstanding and thank you.

hello Sir, this is a great presentation you have been making. but i can see you deducted advance payment recovery twice, thats 1339 twice. I thought the calculation should end at 10712

I am really learning . I intend to encourage all my team members to buy the course

Very good and clear teaching. I like your teaching and explanation. I am worried about my monthly payment certificate. Nobody helps in my office because of those busy moments. Thank you very much for your video and kind heart. Jazakkallah brother. May God protect you and your family and provide you HIS reward agirah.

Dear Mr Ahmed, your videos very useful to us. Just keep doing these things. May Almighty bless you and your family

Dear Ahmed can you explain abt the price escalation and price variation by using your payment in detail manner like this video pls

Dear Adhil, This is very useful presentation to my work and why you not consider a vat in the interim payment.

Great video sir, Can you also explain the method and a good invoice format on how to claim / include the following in Interim Invoice : - Material at site - Re-measured items (quantity variations of BOQ items) - Additional Scope of works / Omitted works. Thanks

Very attractive and enthusiastic presentation

Ahmed, I found this video very useful and informative

Thanks for this informative teaching.

i fully understand your explanation sir, thank you for the effort

Thank you for your shearing. latter please make a video how to prepare or explain from Payment certificate. thank you

Thanks Brother your videos are very help ful jizakallah

Excellent delivery...can u make a video about revenue recognition & final account preparation... It's 100% on point

Hi, I am taking Construction Economics subject currently and I want to start to learn from scratch with your videos. Do you have those types of videos, let’s say about BOQ, BAFO, basics

please how where you computing the percentages of the completed works on each stage . was it guessing or a way of calculating . thanks

hello sir Ahmed, thank you for sharing this video sir, but i was hoping to see a final tabulated results like what you did in your ''Payment terms explained for construction industry" video, you showed a sample there too, there are some things that was confusing and summarizing the results in a tabulated form would be very helpful too but overall this is really informative and really very helpful, thank you sir.

Perfect lecture Sir

hello sir why didnt you deducte retention and advance payment frome the upto date work that has been done ? for the first month ...

Thanks sir for this video I didn't understand why did you subtract 7,565 and add 6,226. Does that not mean you are recovering 20% advance?

In this format the 10% of advance payment is deducted in every month payment application in addition to deduction of total advance payment, which is duplication of deduction. No requirement of 10% advance payment recovery if the total advance payment is deducted and payable advance payment is added.

Hi ahmed, Not clear why you are adding advance payment remaining. Is there a way we can do this calculation without adding this part?

Hello Ahmed....what happened of the 864 considered as the remainder of the Advance payment for valuation no 4.....did it just vanish

Well explained. Thank you very much.👍

I need more explanation on the previous payment,since an agreed percentage has been deducted

Why are you deducting two times of advance payment recovery in each bill? First you deduct the 10% of APR from the work done after that you deduct the total advance payment and add the remaining advance payment. Accordingly you deduct the same advance payment recovery for 2 times from each bill know

Thanks for sharing your knowledge. I have seen all your many videos and almost like all. However I need to ask one thing because It’s confusing when I used the values from your video Terms of Payment and tried to prepare a table with the method shown payment certificate then the answer is not coming same. I hope you understand what I am trying to tell.

Thank you mr. Ahmed for this very informarive video I subscribed and like Can yoh please make a video about whatif the tender price is change by variation order how we can adjust that interim payment aplication format where we will add it on our format just an example and also tell us about price variation

Thanks for sharing the video, we have the same method. I just wanted to know about the variation amount payments in intrim bills (running bills). As some of the subcontractors / suppliers have different % of advance and progressive payments some times Main contractors are in such a situation where they end up financeing the job and affect the other projects. suggest what is the solution for this and how do you bill this kind of variations in to the intrim billing applications.

I m awaiting ur more videos.ur explaination is excellent. Can u explain about the BOQ cost load in primerva and resources..I have adoubt in primerva about cost .1.BOQ cost to be typing in primerva Or 2. Separate cost analysis in each activity

Sorry Sir, I am really got so confused. in the 1st payment, the work done of 13,390 AED has been deducted with retention and also to deducted 10% recovery, witch give 10,712 AED. from this stage, is it okay to used 10,712 AED as a Net Pay? I couldn't get it why need to deduct again with Previous and to add Advance payment remaining. and also i try to used the method you have in the other video (Payment terms explained for construction industry) and it result the same as 10,712 AED. i have tried many approached but still its give same result as well. Can you please enlighten me Sir? Thank you

what if there were some materials on site ?

THANK YOU AHMED

In IPC-4 there was remaining amount of advance payment that was supposed to be deducted in the final IPC but that did not happened and instead you show AED 0.00. where is the AED 864 advance payment remaining. ??

very informative... great

Thanks a lot Mr Ahmed

i need explain about bond types : performance bond , retention bond..etc. thanks

Goon job Mr. Ahmed

we could not also see the final presentation of last 5% retention

What are the interview questions for quantity surveyor when he is fresher, mild level, experience in his career level

Where to add the variation and material on site claim in the IP? Please

Sir, why do we have to add again the previously paid and advance payment remaining amount? Can you explain?

IPC - 01 AED -1,339 IPC - 02 AED -2,987 IPC - 03 AED -4,273 IPC - 04 AED -6,701 IPC - 05 AED -3,782.50 altogether total is - 19,082.50 but u took into account retention amount of IPC 05 only in final account, so what happend other IPC - 01 ~ IPC - 04 RENTION ?

how do you understand this contract provision regarding recovery of advance payment that says... The advance payment shall be repaid through percentage deductions in Payment Certificates in the following manner: a)deductions shall commence in the Payment Certificate in which the total of all certified interim payments (excluding the advance payment and deductions and repayments of retention) exceeds ten per cent (10%) of the Accepted Contract Amount less Provisional Sums; and b) deductions shall be made at the amortization rate of one quarter (25%) of the amount of each Payment Certificate (excluding the advance payment and deductions and repayments of retention) in the currencies and proportions of the advance payment, until such time as the advance payment has been repaid.

Could u pls share the xl sheet

I don't understand about advance recovery. When I add all values you have recovered it comes 15300 aed. But advance which was given at first was 7565 aed. Can you explain this please? Apart from this explanation was awesome.

Thank you so much Mr. Ahmed for the continuous effort. I am a bit new to the field of Quantity Surveying in terms of experience and your videos have been helpful. I have an inquiry though. I see like the 1339 was deducted twice. It was first deducted to get the 10,712 and then again it is what was deducted from the 10,712 since (10,712-1339) is the same as (10,712-7565+6226) and it equals the 9373. Couldn't it just be deducted once?

What about material on site sir ?? We should add in each bill

sorry sir, how did you get 17.70% when most the work item are 100% and 50%?....

Can you upload the excel template please

Material on site???

can u pls send that pdf?

💓

Hello it is really good video but I did not understand why u omit %20 advance payment I think it should be like I wrote below; IPC.1 During IPC Work Done =13.390 Retention %10 = 1.339 Advance recovery %10=1.339 Net payable amount = 10.712 AED. IPC.2 During IPC Work Done =16.480 Retention %10 = 1.648 Advance recovery %10=1.648 Net payable amount = 13.184 AED. IPC.3 During IPC Work Done =12.860 Retention %10 = 1.286 Advance recovery %10=1.286 Net payable amount = 10.288 AED. IPC.4 During IPC Work Done =24.280 Retention %10 = 2.482 Advance recovery %10=2.482 Net payable amount = 19.424 AED. IPC.5 During IPC Work Done =8.640 Retention to reach up total %5 we need to add 34% of this IPC = 2.918,50 Advance recovery %10=864 Net payable amount = 10.694,50 AED. In Total Paid Amount =10.712+13.184+10.288+19.424+10.694,50 = 64.302,50 AED Total Recovered Advance Payment = 1.339+1.648+1.286+2.452+864 = 7.565 AED Money will be relased after DLP = 75.650-64.302,50-7.565=3.782,50 AED which is 5% of the total amount of contract 75.650 AED