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Applications for payment are essential for contractors and subcontractors in the construction industry to ensure timely and fair payment. Interim payments must be made in contracts lasting over 45 days in the UK, with most schedules running on a monthly basis. This video guides on managing the application process for any organization, ensuring jobs are applied for, assessed, and paid on time. Contractors and subcontractors are responsible for submitting applications by the outlined date to receive payment from clients. Be sure to subscribe for more helpful content.