(1) After the relevant agency accepts the work completed in accordance with the purchase agreement, such agency shall make the final payment to the supplier, builder, service provider or consultant.
(2) In the case of construction work, when the final payment is given as per sub-rule (1), after the expiry of the period for correcting the defects, the performance guarantee and the sub-rule of rule 131
Fifty percent of the amount of retention money deducted as per (4) shall be returned. The remaining fifty percent of the retention money shall be paid after the relevant supplier, construction business or service provider submits proof of income statement from the relevant Internal Revenue Office. However, if the concerned builder does not correct the error within the error correction period, the concerned body can correct the error using the retention money or bail amount.
(3) In the purchase agreement, it may be mentioned that the builder, supplier, service provider or consultant shall not make any other claim to the concerned body for final payment in accordance with sub-rule (1) except for the following claims:-
(a) Special Claims,
(b) the liability of the builder, supplier, service provider or consultant to the third party arising or arising during the execution of the procurement work,
(c) Inquiries related to liability incurred by the builder, supplier, service provider or consultant in connection with the third party during execution of the purchase agreement but not known at the time of the claim with the relevant body.