2011•Advanced materials researchRequires access
Discussion on Interim Payment in International Project
Yan Jinbin
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Abstract
In international project,if the interim payment is made in dual-currencies by the employer to the contractor,because of the difference between rate of exchange of contract and the instant rate of exchange when the interim payment is made,under the conditions of the contract,in the event of using different ways to repay the advance payment,the amount of the interim payment shall be different.Through the comparison analysis and the calculation of the interim payment,this paper provides the payment optimizing method for the contractors doing the international projects.