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What is a subcontractor payment certificate?

The document that you send to a subcontractor that a subcontractor signs and returns to you to acknowledge that you withheld the value-added tax (VAT) from the payment to the subcontractor. Certificate.

What is a payment certificate?

The purpose of payment certificates is to inform the client about the release of a payment to the contractor, after a certain amount of work has been carried out or a milestone has been reached. These certificates are: Interim Payment Certificates \u2013 made following submission and checking of periodic valuations.

Is a payment application the same as an invoice?

Payment applications are more complex than a simple invoice, requiring multiple pieces of documentation to prove the legitimacy and validity behind the request for payment.

What are applications for payment?

An application for payment refers to a request for interim payment, or complete payment, by a contractor or a subcontractor in the construction industry.