How are the outstanding amounts for the subcontractor calculated in the event of approved progress certificates and documented payments?
Legal Answer
Radiif AI Legal Assistant
⚡ Quick Answer:
The outstanding amounts for the subcontractor are calculated by deducting the total documented and recognized payments from the total value of the executed and verified works, as established by the approved progress certificates or binding evidence.
Legal References & Citations
ولما كانت بينة المدعي على قيمة الأعمال المنفذة هي المستخلص الختامي على أوراق المدعى عليه تضمنت أن كامل الأعمال المنفذة بلغت 281.600 ريال
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