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Interim payment certificate template

Interim payment certificate sample pdf 2025

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The document is an Interim Payment Certificate issued under the RIBA Concise Building Contract 2014, detailing the financial aspects of interim payments between the Employer and Contractor. It includes sections for total value of works, additional payments, retention, deductions, and net amount due for payment, along with certification and distribution information.

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Click ‘Get Form’ to open the interim payment certificate sample pdf in the editor.
Begin by filling in the 'Issued by' section with your name and address, followed by the employer's and contractor's details.
Enter the job reference, certificate number, date of valuation, issue date, due date, and final date for payment in their respective fields.
In the 'Total value of Works carried out' section, input the total amount for work completed as per the contract.
Add any additional payments under the contract in the designated field.
Calculate retention based on the total values and enter it accordingly. Ensure to account for any advance payments or deductions as specified.
Finally, state the net amount for payment and provide a written certification of this amount in words before signing.

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What is meant by payment certificate?

However, payment certificates are optional: they are issued to the customer after the invoice has been paid and only at the customers request. This document, often in the form of a letter, confirms that the payment has been made.

What does interim certification mean?

: a temporary or preliminary certificate (as of securities)

How to prepare an interim payment certificate template?

An Interim Payment Certificate typically includes the following details: Contract Details: Contract number, project title, contractors name, and clients name. Date of Issue: Details of Work Completed: Quantity of Work Done: Unit Rate: Total Value of Work Done: Value of Materials on Site: Retentions:

Who prepares the payment certificate?

The project manager or contract administrator prepares the payment certificate, detailing the amount due for the work completed, including any adjustments for materials, labor, and other costs.

What is an interim payment certificate?

An Interim Payment Certificate is a formal document issued by the main contractor in response to a subcontractors interim payment application. After evaluating the work completed, the main contractor issues a Payment Notice specifying the amount considered due, known as the Notified Sum.

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What is the difference between IPA and IPC?

IPA stands for Interim Payment Application, which is a contractors detailed request for payment for completed work and materials on site. IPC, on the other hand, is Interim Payment Certificate, issued by the project consultant or engineer to verify the contractors claim in the IPA and authorizes payment.

What is the purpose of the interim certificate?

Interim certificates provide a mechanism for the client to make payments to the contractor during the construction process, before the works are complete. The Housing Grants, Construction and Regeneration Act, states that a party to a construction contract in excess of 45 days is entitled to interim or stage payments.

What does interim payment mean?

An interim payment is a payment made by a defendant on account of a claimants monetary claim before the court has made a final determination on the amount of that claim. For further guidance, see Practice Note: Interim paymentsguiding principles.