Procedure of Preparing a Progress Claim

Two formats of preparing a progress claim are Full Trade Brake up and pre-determined staged payments.

The Full Trade Break-ups are prepared while stating each and every trade’s value involved in the tender. The example is as given in the Full Trade Break-up provided above.

Then, with the job’s progress, claims are made based on the value percentage of completed work at each trade by the time of presenting the claim.  This is done as in the example below:

13 February 2011

Contract Reference: GRT764

Giovanna & Sons Holdings Ltd.

35454-001 Millennium Street

Southern State

RE: JOB NO. 879

PROGREES CLAIM NO. 4

REVISED CONTRACT SUMMARY

PART B: (I)

RE: JOB NO. 7686

PROGREES CLAIM NO. 4

Part B: (II)

The procedure for lodging a claim:

First is to identify who received the variation advice, then state the scope of the work in the variation advice, elaborate how the Variation Advice is to be completed, identify if an extension of time is require or not, and if so, document it, cost the variation as per the table below, submit the variation, and eventually, the variation is received and approved.

13 February, 2011

Contract Reference: GRT764

Giovanna & Sons Holdings Ltd

35454-001 Millennium Street

Southern State

VARIATION PRICE REQUEST NO. 6

GIOVANNA & SONS HOLDING, UNITS