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Invoicing is typically done once the work has been completed, and payment is due upon receipt of the invoice. Applications for Payment are used in construction projects where work is ongoing, and payments are made in stages (also called interim payments).

What is the Final Payment Certificate. The final payment certificate is a document that is issued by the employer to the contractor when the project is completed. This document serves as a formal record of the project's completion and serves to protect the interests of both the employer and the contractor.

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.

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.

A pay application form works closely with the schedule of values. Together, they show the percentage of each item of work that a contractor has completed, and the amount they should be paid for it, minus any retainage that the owner or GC is withholding. Contractors don't get paid for the work they complete.

The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.

Interim Payment Certificate means a payment certificate issued under Clause 14 [Contract Price and Payment], other than the Final Payment Certificate. Based on 325 documents. 325. Interim Payment Certificate means any certificate of payment issued by the Engineer other than the Final Payment Certificate.