Interim Payment Certificate (IPC)
Ref: PWD Form 203A, JKR Contract Conditions
Amount Due = Gross Valuation − Retention − Advance Recovery − Previous Certified
Ref: PWD Form 203A, JKR Contract Conditions
Value of work completed to date
Value of approved variations
Value of materials stored on site
Total advance payment issued
Retention percentage (typically 5%)
Maximum retention as % of contract sum (typically 5%)
Total contract sum
Total amount previously certified
Cumulative retention from previous certificates
Gross Valuation
—RM
Engineering aid only — final design must be endorsed by a registered PE under BEM.
Retention (this cert)
—RM
Engineering aid only — final design must be endorsed by a registered PE under BEM.
Cumulative Retention
—RM
Engineering aid only — final design must be endorsed by a registered PE under BEM.
Advance Recovery
—RM
Engineering aid only — final design must be endorsed by a registered PE under BEM.
Net Valuation
—RM
Engineering aid only — final design must be endorsed by a registered PE under BEM.
Percent Complete
—%
Engineering aid only — final design must be endorsed by a registered PE under BEM.