(1) Subject to the provisions of loan agreements or conventions or international conventions, any payment under a public contract shall be by bank transfer to a banking institution or an approved first-rate financial institution governed by Cameroonian law, in accordance with the instruments in force, or by letter of credit.
(2) Drawings on external financing credit shall be subject to prior endorsement by the Autonomous Sinking Fund.
(3) Any change of bank domiciliation shall be only through contract amendments.
(4) Transactions carried out by the Administration’s contracting partner and likely to give rise to payment of advances, payments on account or final payment, shall be recorded in writing or, as appropriate, in accordance with the terms and conditions specified in the General Administrative Clauses.
SUB-SECTION II
ADVANCES
Official text
Transcription: Spot-checked
In force from 20-06-2018
Source page 61
The document's transcription was spot-checked against the supplied source; this does not confirm a line-by-line review of every provision.
How Lex Cameroon marks its texts →
Section 158 of the Public Contracts Code/akn/cm/act/decret/2018-06-20/2018-366
Report an error in this text
AI features are in beta
Where an official English or French text exists, we show it; where none does, we give
a translation, clearly marked as one and never presented as the official text. We make
every AI feature as accurate as we can, but it can be wrong and is not legal advice —
always check the cited official text.