Question

What must be included on progress claims to ensure they are paid as per the terms of the contract?

Answer 1

Common criteria for progress claims used in contracts

Inclusion of statutory declaration

Claim by percentage rather than value

Make sure you claim profit as you go

Some other include:

1) Claim per item or decided claim amount value

2) All the job details must be there along with invoice of a job

3) Type of Invoice

4) Date issued

5) Days from Invoice date or days after EOM(end of month) for payment dues

6) Invoice stage which indicates internal business approval

7) Claim percentage or claim entire amount