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How to check payment certificate

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In this video, the difference between payment application and payment certificate is explained. As a contractor, you will not receive the full project value upfront. Instead, you will submit payment applications based on the percentage of work completed each month to receive payment for the work executed. Payment application is the document submitted to claim the amount for the work done in a specific month.

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What is a variation to a contract?

Contract variation is what happens when parties decide to perform part of a contract differently from the way theyd originally agreed in the document. Varying a contract allows legal and business teams to change certain terms or obligations later down the line, without needing to scrap or redraft the entire contract.

What causes construction variations?

Variation orders involved alteration, addition, omission, and substitution in terms of quality, quantity and schedule of work. The sources of variations include the performance of construction par- ties, resources availability, environmental conditions, involvement of other parties, and contractual relation.

What is an example of variation construction?

For example, a plan shows that the contractor must construct two doors in a room, and the specifications do not specifically refer to any hinges on those doors, supplying the hinges will be found to be part of the scope, as it is work which is indispensably necessary for the completion of that work.

What does variation mean in construction?

A variation (sometimes referred to as a change) is an alteration to the scope of work originally specified in the contract, whether by way of an addition, omission, or substitution to the works, or through a change to the manner in which the works are to be carried out.

Whats a payment certificate?

Payment Certificate means a document issued by the principal agent docHubing the amount due and payable by the employer to the contractor or vice versa.

What is variation in construction?

What are variations? A variation is an alteration in the scope of works in a construction contract that will include substitutions, additions and omissions. They happen for two main reasons: events occur external to the contract, or there are changes in the design, scope or circumstances.

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