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How to size payment certificate

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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

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What is military payment certificate worth?

Military payment certificate used by the United States military during the Vietnam War worth 5 cents.

Who is primarily responsible for approving a certificate of payment?

Contracting Officer (CO) serves as a docHubing officer with the responsibility for approving payments to contractors by verifying the accuracy and propriety of all documents and records upon which payment to the contractor is based and ensuring that the payment is legal, correct, and proper.

What does less previous certificates for payment mean?

Less previous certificates for payment. On this line, you will subtract previous payments that you have already received. When the architect or property owner approves your pay app, they will issue a certificate of payment. This is essentially the approval of your request, and receipt for payment.

What is a certificate receipt?

Certificate of receipt or COR means a certificate issued by the scholarship granting organization to a taxpayer pursuant to Section 1000.500.

What is MPC Vietnam era?

Military payment certificates, or MPC, were a form of currency used to pay U.S. military personnel in certain foreign countries. They were used in one area or another from a few months after the end of World War II until a few months after the end of U.S. participation in the Vietnam War from 1946 until 1973.

What is a certificate for payment?

Certificate for Payment means a written certificate executed by the Authority indicating the amount that the Trade Contractor is entitled to be paid in connection with each Trade Contractor Application for Payment.

What is application and certificate for payment?

Application and Certificate for Payment means each of the requisitions and conditional waiver of liens, substantially in the form prescribed by American Institute of Architects Document G702-1992, Application and Certificate for Payment (or such other form or forms as may be approved by the Issuer in writing), as

What was the Korean War military payment certificate?

Military payment certificates were a form of currency used to pay U.S. military personnel in certain foreign countries from 1946 to 1973. MPCs were created to keep U.S. currency from inflating local currencies and hampering efforts to stabilize the local economies of occupied areas.

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