Regulations for Cultural and Arts Procurements Article 13

Organizations shall take note of vendors’ contract execution and labor expenditure to establish reasonable payment installments and percentages.Where a case is being carried out over a period of more than six months, payment shall in principle be in installments.Where advance payment is agreed to as part of contracted payment, in principle the amount shall not be less than 20 percent of the total contracted amount or total estimate; the same shall apply to the first installment.In principle, the terminal payment shall not exceed 30 percent of the total contracted amount or total estimate.For cases of advance payment as in Paragraph 3, regulations stipulation the non-provision of an advance payment guarantee may be considered depending on the circumstances of the case.