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However, they're typically paid three to six weeks after approval or a court order. If you need your interim payment quicker or there are delays in dealing with your request or receiving your payment, your personal injury solicitor will be able to push the other party to get things moving quicker.

In construction, a payment schedule is a timeline of the payments to be made throughout the lifetime of a project. On most jobs, contractors don't receive a single, lump-sum payment for the work or materials they provide.

IPC - Interim Payment Certificate | Bill IPC or Bill is most common word used in construction management.

What is the Final Payment Certificate. The final payment certificate is a document that is issued by the employer to the contractor when the project is completed. This document serves as a formal record of the project's completion and serves to protect the interests of both the employer and the contractor.

Final accounts are an important commercial milestone in any construction project. They signify the agreement of the final amount to be paid between the client and the contractor or the contractor and subcontractor.

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.

Interim payments in construction allow subcontractors to receive payment against works in stages, spreading the value and payment for the works over the length of the whole project rather than waiting for full and final payment at its conclusion.

Final Certificate means the final certificate issued by the Engineer-in-Charge after the period of defects liability is over and the work is finally accepted by the owner.

The last in a series of payments, or the amount needed to pay off a debt: final payment of sth Final payment of the balance must be made at least 60 days prior to closing the account. A final payment of $315.70 is due on July 1st.

Payment Certificate means a written claim for payment of Losses in reasonable detail and specifying the amount of such Losses.