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Financial Statement Figures come from the Payment Register — enter claims there, not here.
One of the three documents required with every claim (cl. 26.2(b)(v)) — with the program status report (the weekly report) and the Payment Register.
DTL
FINANCIAL STATEMENT
Bitterns Recycling Field Piping Installation · clause 26.2(b)(v)
CLAIM 001
Date — · Period —
From
DTL (WA) Pty Ltd
2/28 Horus Bend, Bibra Lake WA 6163
ABN: 45 677 646 454
To
Shark Bay Resources Pty Ltd
ABN: 88 079 088 636
Attn: Mr John Stephens
References
PO-182113 · SBS10627
Job DTL-PRJ0072
Terms: 30 D F-I-M-E
Prepared by
—
All figures exclude GST
Australian dollars

Notes

  1. Original Contract Price — the Schedule 3 fixed lump sum, as corrected by Annexure 1. Equals Purchase Order 182113. Shown as X on the Payment Claim form.
  2. Approved variations — variations approved by the Principal to date; Y on the Payment Claim form. Variation work executed is also shown separately in the claim (cl. 26.2(b)(ii)).
  3. Total contract commitment — X + Y; Z on the Payment Claim form. The total DTL may claim under the Contract as it presently stands.
  4. Claimed but not yet certified — claimed less certified. Where a certificate is for less than claimed, clause 26.3(b)(ii) requires the Principal Representative to state the reason.
  5. Invoiced — tax invoices issued against payment certificates. A tax invoice is issued only after a certificate, and only for the certified amount (cl. 26.3(d)).
  6. Cost to complete — the Contractor's estimate of the cost to complete the Works, required with every claim by clause 26.2(b)(iv).
  7. Security — 5% of the Contract Price (Schedule 1, Item 1), provided as two bank guarantees of 2.5% each; half released at Completion, half at the end of the Defects Liability Period. No cash retention is deducted from claims.
  8. Payments on account — all payments are on account only and are not evidence that the Works are complete or free from defects (cl. 26.4).
Cost-to-complete basis not yet agreed — ask Tyson before this goes to SBR. Direct cost (Job Tracker forecast $1,689,662.81) or fully loaded — direct + site overhead + project management + contingency + risk? Fully loaded is a legitimate, defensible estimate and shows a narrower margin. What it can't be is a number picked to hit a target — the contract says it has to be our actual estimate (cl. 26.2(b)(iv)). For accuracy: the Schedule 8 statutory declaration covers employees and subcontractors being paid — it does not swear to this figure. Decide the basis once, then apply it every claim.
DTL (WA) Pty Ltd · ABN 45 677 646 454 · Dewatering & Pipeline Services Financial Statement · cl. 26.2(b)(v)PO-182113 · DTL-PRJ0072