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Interim Valuation & Application Summary
Gross valuation build-up (sections, variations, materials on site), retention via the retention-cashflow engine, less previous applications, for the net amount due on an interim application.
The Ensign ToolboxInterim Valuation & Application SummaryGross valuation build-up (sections, variations, materials on site), retention via the retention-cashflow engine, less previous applications, for the net amount due on an interim application.
Valuation sections
£
£
£
Variations
£
£
Materials & previous applications
£
Delivered to or adjacent to the works, not prematurely, and protected
£
Cumulative total previously certified/paid, net of retention
Retention terms (chained from Retention & Cashflow)
%
JCT default 3%; 5% is a common amendment
£
Maximum total sum that may be held
fraction
JCT releases half (0.5)
months
JCT SBC default 6 months
Add at least one valuation section with a description and value to calculate