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Section 5— Payment

Clause 50.2

Payment — Amount Due Calculation

Purpose

The amount due is calculated as the Price for Work Done to Date plus other amounts to be paid to the Contractor, less amounts to be paid by the Contractor.

Practical Application

Other amounts may include CE assessments, acceleration costs, and retention adjustments. Deductions include advance payment repayment and delay damages.

Common Pitfalls

The PM may include deductions without prior notice. The Contractor should verify each assessment against its own records and challenge incorrect deductions promptly.

Related Clauses

Clause 50.1Clause 51.1

📖 This summary is for reference. For the full, authoritative NEC4 contract text — including all amendments, guidance notes, and flow charts — visit the official NEC website.

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⚠️ This commentary is for reference only. Always refer to the full NEC4 contract text and seek professional legal or contractual advice for your specific project.