12 TIMING OF INTERIM PAYMENTS

4.14.2 Timing of interim payments: Clause 14.7

In the Yellow Book, the Employer is to pay the Contractor the amount certified

in each interim payment certificate within 56 days of the Engineer receiving

the Statement and supporting particulars. In the Silver Book, the Employer

must pay the amount due in respect of the Statement within 56 days of receiv-

ing the Statement and supporting particulars.

The contracts treat the payment of the Contractor seriously. In the event of

prolonged non-payment, they permit him to suspend the works or reduce his

rate of working, and ultimately to terminate the contract, subject to 21 days ’

notice (clauses 16.1 and 16.2: see Section 4.16 below).