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Certificate No Payment Certificate issued in terms of 31.0 of the Principal Building Agreement (Interim or Final) Employer Contractor Works Site Valuation date: A B C D C ONT R AC T C URR ENT C URR.

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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 made following submission and checking of periodic valuations.

"JBCC" means the Joint Building Contracts Committee Incorporated. "LAW" means the law of the country stated in the agreement. "LUMP SUM DOCUMENT" means the document providing the lump sum amount priced by the contractor. to reflect the contract sum and is based upon the contract documents where bills of quantities are ...

Payment Certificates result in payment being made by the client to the contractor. Generally, payment certificates can either be issued regularly during the course of the works, such as interim certificates (normally issued monthly) or may signify that a particular stage has been achieved, such as practical completion.

"Interim Payment Certificates" means a payment certificate issued under the Clause "Contract Price and Payment", other than the Final Payment Certificate. In other words, it provides a mechanism for the client to make payments - usually milestone-based - to the contractor before the works are complete.

"JBCC" means the Joint Building Contracts Committee Incorporated. "LAW" means the law of the country stated in the agreement. "LUMP SUM DOCUMENT" means the document providing the lump sum amount priced by the contractor. to reflect the contract sum and is based upon the contract documents where bills of quantities are ...

The final certificate is certification by the contract administrator that a construction contract has been fully completed. It is issued at the end of the defects liability period and has the effect of releasing all remaining money due to the contractor, including any remaining retention.

Certificates are used in the construction industry for a very wide range of purposes, including; confirming individuals have particular qualifications, confirming that payments are due, confirming that works are complete and so on. Certificates commonly used in the construction industry include: Agrément certificate.

JBCC documents are compiled in the interests of standardisation and portray the consensus view of the Joint. Building Contracts Committee of good practice and an equitable distribution of contractual risk.

The initials JBCC stand for the Joint Building Contracts Committee. This is an organisation established in 1984 by various construction related bodies.

There are three types of subcontractors provided for in standard forms of contract for construction works, namely: Domestic subcontractor: subcontractor appointed by the main contractor at his discretion; Nominated subcontractor: a subcontractor nominated by the employer which the contractor is obliged to appoint ...

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232