AI Checklist Generator

From the makers of Manifestly Checklists

Email address

Home > Consulting > Highway interim payment valuation

Highway interim payment valuation

1. Pre-valuation Preparation

Review contract documents and terms related to interim payments

Confirm the valuation date and period for the interim payment

Gather relevant project documentation (e.g., progress reports, site records)

2. Measurement of Works Completed

Conduct site visits to verify the extent of work completed

Measure quantities of work completed as per the contract specifications

Document any variations or changes in scope of work

3. Assessment of Cost

Calculate the cost of work completed based on agreed unit rates

Include costs for materials, labor, and equipment used

Account for any additional costs incurred due to variations or delays

4. Review of Retentions and Deductions

Identify any retentions applicable as per contract terms

Assess any deductions for incomplete works or penalties

Ensure compliance with any contractual retention policies

5. Documentation and Reporting

Prepare a detailed interim payment application report

Include all supporting documentation (measurements, invoices, etc.)

Ensure the report is clear and concise for client review

6. Submission and Approval

Submit the interim payment valuation to the client for review

Address any queries or clarifications raised by the client

Obtain formal approval of the interim payment valuation

7. Record Keeping

Maintain a comprehensive file of all documentation related to the interim payment

Update project financial records to reflect the approved payment

Ensure all correspondence related to the interim payment is documented

8. Post-valuation Analysis

Review the interim payment process for any lessons learned

Identify areas for improvement in future valuations

Schedule follow-up meetings to discuss project progress and next steps

Download CSV Download JSON Download Markdown

Use in Manifestly

Related Checklists

Employee Orientation Checklist

A well-designed Employee Orientation Checklist helps to ensure that new employees receive a comprehensive introduction to the company and their job duties.

view →

Client Onboarding Checklist

A Client Onboarding Checklist is essential for ensuring a smooth and successful transition of new clients into a consulting engagement.

view →

Leave of Absence Checklist

A Leave of Absence Checklist is important to ensure that all necessary steps are taken to properly document and process employee absences.

view →

Performance Evaluation Checklist

Performance Evaluation Checklists are essential for measuring an employee's performance and providing feedback to ensure they are meeting the expectations of their role.

view →

Project Kickoff Checklist

A Project Kickoff Checklist is essential to ensure that all stakeholders are on the same page and that all project objectives and expectations are clearly defined.

view →

Data Security Checklist

A Data Security Checklist is an essential tool to ensure that an organization's data is secure and protected from unauthorized access.

view →

Employee Termination Checklist

A Employee Termination Checklist ensures all necessary steps are taken to ensure a smooth and compliant termination process.

view →

Risk Management Checklist

A Risk Management Checklist is a tool to help identify, assess, and manage potential risks to an organization and its stakeholders.

view →

Client Offboarding Checklist

The Client Offboarding Checklist is critical for ensuring a successful and thorough transition process, ensuring that all stakeholders are informed and any outstanding issues are resolved.

view →

Hey there! Here's a little about us or visit our recurring workflow SaaS: Manifestly Checklists

Light Dark