Draft payment diploma easily

Aug 6th, 2022
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How to draft payment diploma

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good day everyone and to welcome to this lecture where were going to discuss just to run through a typical example of a payment certificate in our previous lecture we discussed the payment clause 25 of the jbcc principal agreement and weve learned quite a few items that we need to take into account when we prepare a payment certificate obviously it was noted in the clause 25 weve talked about the recovery statement we talked about a notification and advice to the subcontractors and also we need to include certain items in our payment certificate such as default interest if the employer is late in payment this is just a typical example illustration so lets look at the first payment certificate and that is the official certificate that youre going to prepare now this specific example it is a certificate number nine and it is referred to as a interim payment certificate well only issue a final certificate if its based on the final account when the project is now finished and weve

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All you need is the recipients name and account information. A great alternative to cheques with instant access to funds, no holds, and no risk of lost or stolen cheques.
A Bank Draft is a physical means of providing payment to a third party. Funds are immediately taken from your RBC bank account in exchange for the draft, guaranteeing the funds for the recipient.
Once the payee presents the bank draft for payment, his or her identity is verified with the name on the bank draft. After the identity verification process, the funds are deposited into the payees account. The funds can take anywhere between 1-4 business days to process.
Examples of Bank Draft Some commonly used examples are: Demand Draft. Certified Cheque. Money Orders.
A draft is used when the payee wants a highly secure form of payment. The bank can safely issue this guarantee because it immediately debits the payers account for the amount of the check, and therefore has no risk. In effect, the required funds have been set aside by the bank.
Its a paper document that looks a lot like a regular cheque. The main difference is that someone who receives a bank draft has a guarantee that the funds are available, as opposed to a regular cheque, which could bounce. Bank drafts are made out to the person receiving the money.
Because a draft is not electronic, the transfer of funds is not instantaneous. In addition to the time it takes to get the draft to the person receiving the money, when they go to cash it, banks will often put a hold on it for three to five days.
Once the payee presents the bank draft for payment, his or her identity is verified with the name on the bank draft. After the identity verification process, the funds are deposited into the payees account. The funds can take anywhere between 1-4 business days to process.
You can put cash into someone elses account by going to a bank where the person holds an account and giving the teller the persons name and account number. Some banks, however, dont let you deposit cash into someone elses checking account.
A demand draft allows someone to withdraw money from your checking account without your signature. It is also called a telephone check or preauthorized draft. The person taking money out of your account is supposed to have your permission and your account number and routing number.

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