Specimen EPC contract
Generic EPC
45 of 45 reviewed
Clause 13.1
Pay advance payment within 30 days
The Employer shall pay the advance payment within 30 days after receiving the Performance Security and the advance payment guarantee.
- Party who must act
- Employer
- Other party
- Contractor
- Category
- Payment
- Trigger type
- Event
- Period
- 30 calendar days, after the trigger
- Time bar
- No
- Trigger event
- Employer receives the Performance Security and the advance payment guarantee
Keys: C confirm, E edit, R reject
Clause 13.1
Advance payment
The Employer shall pay the advance payment within 30 days after receiving the Performance Security and the advance payment guarantee.