Progress Payment Calculator (IPC)
Generate Interim Payment Certificates with BOQ tracking, retention deductions, and advance recovery calculations.
BOQ Items
| Description | Unit | Contract Qty | Rate | Previous Qty | Current Qty | |
|---|---|---|---|---|---|---|
Deductions
Current Gross Value
$85,000
Current Net Payment
$76,500
Cumulative Certified
$207,000
IPC Calculation Summary
| Description | Previous Value | Current Value | Cumulative Value |
|---|---|---|---|
| Concrete Works | $70,000 | $35,000 | $105,000 |
| Reinforcement Steel | $75,000 | $50,000 | $125,000 |
| Gross Total | $145,000 | $85,000 | $230,000 |
| Less: Retention (10%) | - | ($8,500) | - |
| Less: Advance Recovery | - | ($0) | - |
| Net Payment Due | $130,500 | $76,500 | $207,000 |
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FINANCIAL DISCLAIMER
This calculator provides INDICATIVE FIGURES for reference purposes only.
Important:
1. Results are based on standard formulas and user-provided inputs. Actual contractual amounts may differ based on specific contract terms and conditions.