Payment is made throughout the project consistent with the allocations of funds when the project is approved.
When expenditure is reported through the submission of Monthly Progressive Expenditure Statements (MPES), payments stop when funding in a particular year is exhausted or when 90% of the grant amount is reached.
The release of the remaining 10% is dependent upon the receipt of:
a. Architects Certificate indicating that the works have been completed in accordance with the tender drawings provided during the Results of Tender stage;
b. Certification or the supply of an opinion by and Independent Accountant stating what the total expenditure on the project (this should align with the final MPES; and
c. The notification of an Opening Ceremony (often referred to an Opening and Blessing) has been submitted and approved by the Commonwealth or State Minister.