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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.

The architect prepares a Certificate for Payment based on the percentage of work complete and the contractor 's progress claim. Change Orders must be accounted for in the Certificate for Payment as well as the appropriate holdback required by the provincial or territorial lien legislation.

CERTIFIED Definition & Legal Meaning A qualification or attribute meaning to being officially attested or authoritatively confirmed as being genuine or true as represented, or complying or meeting specified requirements or standards.

Progress Payment Certificate means a certificate issued periodically by the Consulting Engineer, or the Engineer if a Consulting Engineer is not engaged upon the Project, to the Owner, based on which payments on account are made to the Contractor.

Although not a legal document, the Payment Certificate drives payment from the contractor to the subcontractor and can be issued either as an Interim Payment Certificate, showing the project's financial details up to that point in time or a final Payment Certificate, when the works are completed.

Applications for Payment and invoices may seem similar, but they serve different purposes in the construction industry. Invoicing is used for one-off purchases or services, while Applications for Payment are used for ongoing and more complex construction projects.

The most common type of construction payment is a net payment, meaning the invoice is due a set amount of days from the issue date. For longer projects, it's typical to pay an upfront deposit and then to pay the contractor monthly until the job is finished.