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Net 10, 30, and 60. Net payment is the most common payment schedule for medium-sized construction companies. This payment term refers to the number of days – 10, 30, or 60 days – within which an owner should pay an invoice after it has been received.

IPC abbreviated for Interim Payment Certificate and it is final certificated issued by competent Authority in terms of Billing which the contractor has been claim as IPA (Interim Payment Application).

An Application for Payment is a document that a contractor or subcontractor sends to the client or main contractor to request payment for work that has been completed. The Application for Payment includes a detailed breakdown of the work done, the percentage of work completed, and the amount that is due to be paid.

Certificate for Payment means a written certificate executed by the Authority indicating the amount that the Trade Contractor is entitled to be paid in connection with each Trade Contractor Application for Payment.

A construction certification is a credential that identifies a candidate as qualified in a specific skill or area of expertise. There are many types of construction certifications, many of which relate to safety.

A Payment Certificate is a document produced by a contractor that contains financial information relating to a payment to a subcontractor for ongoing or completed project work.

IPC abbreviated for Interim Payment Certificate and it is final certificated issued by competent Authority in terms of Billing which the contractor has been claim as IPA (Interim Payment Application).

Integrated Project Control (IPC) is the systematic integration of customer requirements, supplier-management values, and status information from all data sources in compatible form for rational decision-making.