SAMPLE OF PAYMENT CERTIFICATE

INTERIM PAYMENT CERTIFICATE NO:

PROJECT TITLE:

CONTRACT No.:

CLIENT:

CONTRACTOR:

COMPLETION DATE :

WORK DONE AS AT:

Item	Description	Amount (RM)
	Original Contract Sum (RM)	10,000,000.00
	Add/Deduct Variation Order (RM)	450,000.00
	Revised Contract Sum (RM)	10,450,000.00
	Work done as at: 27th July 2012
1	Preliminaries & General	321,892.00
2	Detailed Scope Of work. Eg: Piling Works, Building Works, Drainage	6,523,154.53
3	Material at Site ( 75% Allow)	128,156.00
4	Total Value Of work Done	6,973,202.53
5	Less: Retention ( 10% of this payment Certificate up to total of 5% of Original Contract Sum)	500,000.00
6	Less : Previous Payment No.	4,281,536.79
	Amount Payable under this certificate	2,191,665.74

Total amount payable under this interim certificate No…. is Ringgit Malaysia Two Milion One Hundred

and Ninety One Thousand and Six Hundred And Sixty Five and Cents Seventy Four Only. (RM 2,191,665.74)

Evaluation date :

Evaluate By:                                                                                                                       Agreed by:

Signature:                                                                                                                           Signature:

Name:                                                                                                                                  Name:

Position:                                                                                                                              Position:

Contractor Registration :Pusat Khidmat Kontraktor (PKK) Registration.

All Contractor,

Latest announcement by Pusat Khidmat Kontraktor (PKK).

PKK, effective from 15 September 2012, PKK will no longer accepting new registration for Contractor in Malaysia. This is due to the reason that Kementerian Kerja Raya Malaysia is going to do centralised registration which going to be handle by Malaysia Construction Industry Board (CIDB).

For further info please visit CIDB WebSite.

TENDERING: Evaluate your financial Capacity

Hi there, below is guideline on how to evaluate your financial capability for tendering purpose.

Available CASH IN HAND
Average 3 months bank statement = RM A
Remaining of banking Facilities = RM B
Credit Facilities (Construction Material) = RM C

Total Cash Available = RM A + RM B + RMC,  eg. $2,000,000.00

Liability
Current Project In Hand ( Value of Remaining works)
Project 1 = RMa , eg: $5,000,000.00
Project 2 = RMb, eg. $ 8,000,000.00

Liability recorded in the audited account = RM E eg, $300,000.00

Tender value = RM D , eg.; $ 30,000,000.00

Total liability = RMa + RMb +RM D + RM E , eg. $43,300,000.00


usually under instruction to tenderer do stated minimum available financial required to ensure that contractor have the capacity to carry out the work.


hence,
I assume that the requirement is 3% of the tender value.


therefore ; Available cash percentage (%) = Total cash / Total Liability 
                                                               = ($2,000,000.00 / $43,300,000.00)%
                                                               = 4.619% > 3% ( marginal pass only)


to be secure make sure that you have at least 6% financial capacity.


This is just a guideline. The positive result of your tender also depend on your track record, machine, equipment, plants, labour and your work experience.


Good luck all Contractors.