SECTION 163

(1) The main contractor shall have a maximum of thirty (30) working days from the date of receipt of the invoice to pay the sub-contractor. (2) The sub-contractor may be paid by the Project Owner where the amount of the service sub-contracted to a single sub-contractor is more than or equal to 10% (ten per cent) of the total amount of the contract and any amendments thereto, or when it is established that the main contractor is engaged in fraudulent practices vis-à-vis the sub- contractor. (3) In case of direct payment by the Project Owner or the Delegated Project Owner, the main contractor shall have fifteen (15) working days, from the date of receipt of invoice supporting documents, to express his acceptance or reasoned refusal. Beyond this deadline, the principal contractor shall be deemed to have accepted the said documents. Notifications shall be sent by registered mail with acknowledgement of receipt or delivered by hand against receipt. The invoice must comply with the commitments stated in the sub-contract. (4) Payments to sub-contractors or payments by sub-contracting enterprises or companies to third parties, as remuneration for work done in Cameroon, shall be made in credit institutions approved by the Minister in charge finance. (5) Sub-contracting enterprises shall take out their insurance policies with Cameroon-based insurance companies.