Question: (c) The advanced payment shall be recouped when the value of the works executed and certified in the progress payment certificates reaches a certain percentage

(c) The advanced payment shall be recouped when the value of the works executed and certified in the progress payment certificates reaches a certain percentage of the total contract value. This also shall be based on the recoupment formula provided for in the terms of the contract. Based on the information given, determine the total recoupment of advanced payment from the contractor's progress claim. C3 Contract value RM 13,800,500.00 Prime Cost Sum RM 100,500.00 Provisional Cost Sum RM 100,500.00 Value of work done RM 3,500,000.00 Value of materials on site RM 20,000.00 (12 marks)

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