Advanced Payment
The Client makes an advanced payment to the Contractor of the amount stated in the Contract Data. The Contractor repays the amount in instalments stated in the Contract Data.
The Client advances a payment amount stated in the Contract Data, repaid in instalments from amounts due.
Any un-repaid balance of the advanced payment is deducted from the amount due on termination.
📖 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.
Purchase Official NEC4 →⚠️ 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.