Payment Certificate
In construction projects, proper documentation of payments is important. A Payment Certificate provides a clear record of the value of work completed, advance recovery, retentions, and the net amount payable to the contractor. This ensures transparency between the contractor, consultant, and client.
To make this simple, we are sharing a free editable Payment Certificate Template. You can download it, update the details, and use it for your own projects.
What is a Payment Certificate?
A Payment Certificate is issued (usually by the consultant) to certify the amount due to the contractor. It includes details of completed work, deductions, advances, and retentions, and confirms the certified amount to be paid. also its notifying that if that any variation is approved and what is executed in variation works.
Purpose of Payment Certificate
- To certify the value of work completed by the contractor up to a certain date.
- To provide an official record of payment approval by the consultant/client.
- To show deductions such as advance recovery, retention, and variations.
- To maintain transparency and avoid disputes between contractor, consultant, and client.
- To ensure that project payments are made in line with the contract agreement.
Main Features of This Template
- Project information (title, location, contractor, contract reference).
- Contract details (original value, variations, adjusted value).
- Project commencement and completion dates.
- Work executed up to a specific date.
- Advance payment, recovery, and retention details.
- Variation Amount & Time Extension of Project details
- Net payment due by certificate.