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"Interim Payment Certificates" means a payment certificate issued under the Clause "Contract Price and Payment", other than the Final Payment Certificate.
In other words, it provides a mechanism for the client to make payments - usually milestone-based - to the contractor before the works are complete.
Thanks for the invitation. It is a certificate that allows you to pay your contractor in the middle of the project even if has not been completed yet.
I agree with colleagues. Most appreciate is one defined by FIDIC.
"Interim Payment Certificates" means a payment certificate issued under the Clause "Contract Price and Payment", other than the Final Payment Certificate.
Interim certificate is a mechanism that makes it possible for a client to make payment to a contractor before the works are completed.
"Interim Payment Certificates" means a payment certificate issued under the Clause "Contract Price and Payment", other than the Final Payment Certificate.
It is an instrument that is used by a client to pay a contractor before the end of a contract. Some laws in the UK makes it the legal right of a contractor on the job in excess of 45 days.
In other jurisdictions where the law is not that stringent, the instrument might be negotiated as a condition of contract.
Total amount payable under this interim certificate.
"Interim Payment Certificates" means a payment certificate issued under the Clause on monthly basis during currency of contract until statement at completion"Contract Price and Payment", other than the Final Payment Certificate.
Thans fot invitation
I Agree MR Ihab zaki
A payement progress Certifate issued by Contractor to Subcontractor for specifice period.
