School : FEDERAL SCIENCE AND TECHNICAL COLLEGE, IJEBU - IMUSIN.

OGUN STATE
Project : RENOVATION OF BOYS HOSTEL (SSS3 HOSTEL)
Contractor : OLAS SALSON INVESTMENT LIMITED

Date prepared : November 16, 2021

INTERIM PAYMENT CERTIFICATE
S/N DESCRIPTION PREVIOUS AMOUNT PRESENT AMOUNT CUMMULATIVE AMOUNT
A Permanent Works 26,579,200.00 6,298,126.38 32,877,326.38
B Preliminaries Item to date 0.00 0.00 0.00
C Sum of permanent works plus preliminaries 26,579,200.00 6,298,126.38 32,877,326.38
D Materials on site 0.00 0.00 0.00
E Sub - Total 26,579,200.00 6,298,126.38 32,877,326.38

F Contract Advance 0.00 0.00 0.00

G Amortization of Contract Advance 0.00 0.00 0.00
H Less 5% Retention
I Total Amount 26,579,200.00 6,298,126.38 32,877,326.38

J Add 5% Project Administration 1,328,960.00 314,906.32 1,643,866.32

K Add 7.5% VAT 2,093,112.00 495,977.45 2,589,089.45

30,001,272.00 7,109,010.15 37,110,282.15

AMOUNT DUE FOR PAYMENT NGN 7,109,010.15

SEVEN MILLION, ONE HUNDRED AND NINE THOUSAND, TEN NAIRA AND FIFTEEN KOBO (NGN7,109,010.15)

Mr Adeola Oni Engr Oseni Momodu, MNSE, COREN.

QS Resident Engineer
Contractor's Representative Consultants Representative