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Interim payment involves the payment of money in advance of the final payment. Based on PAM 2006, there is a specific requirement for the contractor to submit the payment application at the interim claim interval stated in the appendix to architect and qs based on Clause 30.1.
By using the interim certificate, architect is required to direct the contractor regarding the payable amount to any of the nominated sub contractors and nominated suppliers under the interim certificate.
It is also important to inform the relevant nominated sub contractors and suppliers regarding the amount due under the interim certificate.