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Employer and Main Contractor

Advance payment guarantee wording

Main ContractorEmployer
Clause
FIDIC 1999 Red BookSub-Clause 14.2
Time limit
Advance certified once the guarantee and performance security are received
Format
WordLanguage: English
Stage
Post-contract: 3. Sign and startRoute: Both routes
Procurement routeApplies to the Employer, consultants and Main Contractor

The Employer designs through its consultant, tenders complete drawings and bills, and the contractor builds. FIDIC 1999 Red Book.

What this document does

  • Guarantee that reduces as the advance is recovered through interim certificates.
  • Sent by the Main Contractor to the Employer.
  • Written to FIDIC 1999 Red Book, Sub-Clause 14.2.
  • Time limit: Advance certified once the guarantee and performance security are received.

What you get

Also used between

Main Contractor and SubcontractorSubcontractor Main ContractorMain Contractor and SupplierSupplier Main ContractorEmployer and Specialist VendorSupplier Employer