PPRA Rule 43 Short On Account Payment explained briefly by @CivTechSimplified

In this short video, Engr. Muhammad Imran Aziz explains PPRA Rule 43 – On Account Payments under the Public Procurement Rules 2004 (Pakistan).

Learn how procuring agencies are required to make timely payments (within 30 days) to contractors and suppliers against invoices and running bills, ensuring cash flow, transparency, and efficiency in public procurement.

📘 What You’ll Learn in 3 minutes

✔ What is On Account Payment
✔ 30 Days Payment Requirement
✔ Importance for Contractors & Suppliers
✔ Role in Contract Management
✔ Common issues in delayed payments

⚖️ Key Insight

Timely payments under Rule 43 are essential to maintain financial discipline, contractor confidence, and smooth project execution.

🎯 Why It Matters?

✔ Ensures contractor liquidity
✔ Improves project progress
✔ Reduces disputes & claims
✔ Strengthens procurement efficiency

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Видео PPRA Rule 43 Short On Account Payment explained briefly by @CivTechSimplified канала CivTech Simplified