Can more than one interim payment application be made?

• A. Yes
• B. No
• C. Only once
• D. Not specified.

Answer: (A)

Interim payments are payments on account for work done up to a given date, not the final settlement. They’re meant to keep cash flowing during the contract and are typically made at regular intervals or when milestones are reached. There’s no rule requiring only a single interim payment; you can submit multiple interim payment applications as the project progresses, as long as the contract or the applicable framework allows it and the timing/valuation regime is followed. Each application is followed by a payment notice (or pay less notice) as required, and the amount due is determined accordingly. So, more than one interim payment application can be made.