Fix payment certificate easily
How to Fix payment certificate and save your time
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How to fix payment certificate
hi in this video i am going to explain how to make a payment application for contractor and what is the difference between payment application and payment certificate starting right now so starting with the difference between payment application and payment certificate lets assume that you are a contractor and you have one job or one project and the project value for example is hundred thousand and the duration of the job is lets say five months so the thing is that you will not get the hundred thousand in the first day or in the first month there will be some payments that you will do you will prepare and you will submit for approval and this will be based on the percentage of work done this month you will get paid so when you submit or when you claim for some amount or for the works that you have executed this month the application that you submit is called a payment application so basically you go and you calculate the percentage or the worth of the works that you have executed t
Got questions?
What is a certificate receipt?
What is the purpose of retention bond?
What is the maximum amount of a progress payment that the contracting officer may withhold under a fixed price construction contract?
What is a certificate for payment?
What is retention used for in construction?
What does less previous certificates for payment mean?
Who is primarily responsible for approving a certificate of payment?
What is meant by retention in contracts?
What is the purpose of retention?
What is the threshold for progress payments?
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