Site Telemetry Alerts
south
Payment Received
PKR 25M from Skyline Towers
inventory_2
Low Stock Alert
OPC Cement & Rebar under minimum
FIDIC Red Book / Standard EPC Contract
INTERIM PAYMENT CERTIFICATE (IPC)
Clause 14.6 • Application for Interim Payment & Engineer's Determination
IPC-01
Ref: IPC-2026-06
Approved
Employer / Client
Skyline Developers Group
client@skylinetowers.pk
Project Title:
Skyline Twin Towers - Phase II
Site Location: DHA Phase 8, Karachi
Contract & IPC Timelines
Date of Certification: 05 Sep 2026
Billing Period: Start to 07 Oct 2026
Original Contract Sum: PKR 125,000,000
Resident Engineer: Lead Resident Consultant - NESPAK
Statement of Certified Work & Deductions
| Item Description | Calculation Basis | Amount (PKR) |
|---|---|---|
| 1. Gross Value of Work Executed (Cumulative to Date) | Certified BOQ Measurement | PKR 25,000,000.00 |
| 2. Less: Retention Money Held against Defect Liability Period (DLP) | 5.00% of Gross | - PKR 1,250,000.00 |
| 3. Less: Mobilization Advance Recovery Pro-rata recovery of contractor mobilization advance | 10.00% of Gross | - PKR 2,500,000.00 |
| 4. Less: Withholding Tax (WHT) Statutory income tax deducted at source | 7.50% of Gross | - PKR 1,875,000.00 |
| NET AMOUNT CERTIFIED PAYABLE TO CONTRACTOR | Clause 14.7 | PKR 19,375,000.00 |
Prepared By (Contractor QS)
Lead Quantity Surveyor
Recommended & Verified By
Lead Resident Consultant - NESPAK
Approved for Payment (Employer)
Project Director / CFO