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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.

Monthly Certificate means a certificate or certificates, signed by an officer of the Assuming Institution involved in, or responsible for, the administration and servicing of the Shared-Loss Loans, whose name appears on a list provided to the Receiver (as updated by the Assuming Institution as needed from time to time) ...

A Water Certification / Full Payment Certificate (FPC) is an application for a final water bill. Once paid it is a certificate stating all water / sewer charges for a property's water account are paid. This certificate is required for all transfers of real property (deeds and ABIs) in the City of Chicago.

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.

: to pay all of the money owed (for a bill or debt) The receipt shows that their bill has been paid in full.

A stage payment is a type of progress payment that is made to a contractor as work is completed on a project. This type of payment arrangement can be beneficial for both the contractor and the customer, as it allows the customer to see evidence of progress before having to pay the full amount due.

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.