Question 1

(a) As a developer's contract manager, discuss the payment claim and payment procedures from the commencement of the contract to the issuance of the Final Certificate. Assume the Public Sector Standard Conditions of Contract (PSSCOC) for construction works (8th Edition, 2020) is used for the contract. (You may refer to: https://www1.bca.gov.sg/docs/default-source/docs-corp-procurement/psscoc-forconstruction-works-2020.pdf?sfvrsn=93b33a74_4) (30 marks)

(b) As a contractor's quantity surveyor for a bungalow project, calculate the payment due to the contractor by preparing Interim Certificate no. 4, given the following information:

Accumulated payment paid to contractor $4,800,000

Variation work (completed) $7,800 (Nett addition)

Limit of retention 5% of contract sum

Retention on work done 10%

Retention on material delivered to site 20%

Rental of excavator for excavation works $20,000

T20 steel reinforcement bars delivered to site $55,000

Cement bags delivered to site $2,000

Cakes for site meetings $2,000

Paint ordered but not yet delivered $15,000

Contract sum $50,000,000

Contract work completed to-date: $6,100,000

Note: You must show detailed workings and prescribed format