Planned Works Toolkit Regional Contracts Delivery Process
Stage 1 Stage 2 Stage 3 Stage 4 Stage 5
Stage 4 – Construction Phase Interim Valuations and Payments
• For interim applications the Surveyor will
- Value and approve interim payments and then instruct Property Support Services to issue Pay 1,2 etc
The suppliers will issue a consolidated valuation for all works on site at the end of each calendar month, in accordance with the contract terms. For guidance on contract specific information and payment processes, please refer to the Property Portal: No advance payments should be released without approval from the Head of Asset Investment. The supplier should indicate if this is an interim application or if the final application for the project. The Surveyor will need to • Review the application within the agreed timeframes (shown on the next page) • Note their acceptance • Once approved by the Surveyor, Property Support Services will administer in Northgate the valuation and payment certificate for each application Link
• For the final application the Surveyor will - Value PAY-FIN
- Once PAY-FIN is approved, Property Support Services will update Northgate to reflect contract value to the final cost • The payment certificates will be sent to the supplier by the Property Support Services Additional guidance, processes and timelines on the different contracts can be found here: Link
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