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hi in this video i am going to explain to you how to prepare interim payment applications for a project from the start until the end and that also includes how to apply and release the retention and how to recover the advanced payment how to make the statement at completion and how to make the final account this is going to be an example with numbers so pay close attention and lets start [Music] all right so this is here is our project boq and we have some project information here the project value is 75650 and the duration is five months so basically we will be having five interim payment applications and the sixth one will be the final account and the advance payment is ten percent from this value and the retention is also ten percent from this value five percent will be released against completion and five percent will be released after dlp so we will be using this form here to make the payment application i ill call this one the payment application format and here in the pink col
