Embed construction in the Payment Agreement

Aug 6th, 2022
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How to embed construction in the Payment Agreement

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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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The answer is embedded banking. Thats when a tech company teams up with a financial institution to make banking products (e.g., high-yield accounts, credit cards) available inside their app or website.
With embedded payments, ownership of the onboarding process is in the hands of the ISV or SaaS platform. The application process for payment acceptance is built into the software. With integrated payments, customer support is handled by the third-party processor.
Embedded banking The terms embedded banking or banking as a service are sometimes used as a synonym for embedded finance. Thats because most embedded financial solutions, such as lending and payments, are typically offered by banks.
Embedded payment examples Embedded solutions like Stripe and Shop Pay are both excellent examples of embedded payments. A customer that has signed up for Shop Pay, provided by Shopify, will be able to use their existing credentials wherever a retailer offers an option to checkout with Shop Pay.
Embedded cards are used in embedded systems to perform specific functions. For example, embedded flash memory cards provide data storage and read and write operations for devices.
open banking: Open banking liberates vast bank data, enabling new features and use cases. Embedded finance uses this data to enhance consumer experiences.
They are building payments in developing a seamless product rather than simply bolting them on. Embedding payments in their software platform allows their customers to have one cohesive experience between all aspects of their platform.
Embedded finance is the integration of financial services into non-financial offerings. Examples of embedded finance might include an e-commerce merchant providing insurance, a coffee shop app that offers 1-click payments, or a department stores branded credit card.

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