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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.

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.

Retention money is described as the sum of money held by the employer as a safeguard for any defective or non-conforming work by the contractor. This provision safeguards the employer by defects which can occur during the defects liability period if the contractor doesn't response ing to the contract terms.

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.

A Full Payment Certificate (?FPC?) is a certificate issued by the Department of Finance indicating that all utility charges and penalties that accrued to an account are paid in full or otherwise not transferable to the subsequent owner.

If the application is properly completed and acceptable to the architect, the architect's signature certifies to the owner that a payment in the amount indicated is due to the contractor.

Application and Certificate for Payment means an application for payment in the form of American Institute of Architects Document G702, Application and Certificate for Payment, and American Institute of Architects Document G703, Continuation Sheets, showing by trade the cost of work on the Project and the cost of ...