FIDIC Certified Contract Manager CCM Question # 16 Topic 2 Discussion

FIDIC Certified Contract Manager CCM Question # 16 Topic 2 Discussion

CCM Exam Topic 2 Question 16 Discussion:
Question #: 16
Topic #: 2

Which of the following form a Contractor's entitlement, in case the Contractor does not receive an interim payment within the allocated contractual deadline for payment? (2 correct answers apply)

Choose all of the correct answers (multiple possibilities).


A.

Right after the expiry of the payment deadline, the Contractor may terminate the contract.


B.

If the payment is not made within the time period required, after the expiry of such period, from the next day onwards, the Contractor is entitled to suspend all his/her activities on Site.


C.

In case the Employer paid the Contractor late, the Contractor becomes entitled to receive financing charges applying the % included in the Contract Data (if this is not stated, then applying the percentage as included under the corresponding Sub-Clause).


D.

The Contractor is entitled to suspend the works or reduce the rate of progress of the work, after giving a due Notice (21 days) about this intention.


E.

Beyond receiving the financing charges, the Contractor has no further entitlements in such a case.


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