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The Contractor is entitled to an advance payment.

The Contractor is entitled to an advance payment. Applying FIDIC Red Book (edition 1999), which two of the following statements are correct?

Choose all of the correct answers (multiple possibilities):

A.

The advance payment is to help the Contractor to finance some of its early cost and expenditure until it becomes entitled to first (non-interim) payment.

B.

The advance payment reflects the amount of works the Contractor has already performed up to the moment such advance payment is performed.

C.

Under the General Conditions, the amount of advance payment is to be paid in full by the Employer through one instalment.

D.

Under the General Conditions, the advance payment will be repaid by deducting all amounts from invoices until the entire advance payment is repaid.

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