There are two types of advance: Fixed advance This is mandatory where the contract (or the bracket) exceeds €50,000 exc tax. The contractor may waive his right to an advance, but this must be stated in the contract. The advance is versed without (…)
1. Payment controller The payment controller is responsible for the first three stages in the payment procedure. Commitment Process by which a public authority creates or recognises an obligation generating a payment. An accounting commitment is (…)
2004 procurement contract code The global delay of payment must be indicated in the contract. It cannot exceed 45 days (see art 96 of the code). The overtaking of the delaygoing gives payment right of interest on arrears for the main contractor and (…)
