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Final Payment Certificate (Construction)
"Need to draft a Final Payment Certificate (Construction) for a commercial building project in Lahore, Pakistan, with a contract value of PKR 250 million, including resolution of three approved variations and release of 5% retention money."
1. Project Identification: Details of the project including contract reference number, project name, and location
2. Parties: Identification of the employer, contractor, and certifying authority/engineer
3. Reference Documents: List of relevant contract documents, previous interim certificates, and completion certificates
4. Works Completion Statement: Confirmation that works have been completed in accordance with the contract
5. Final Contract Value: Statement of the final adjusted contract sum including all variations
6. Payment History: Summary of previous payments made and retention held
7. Final Payment Amount: Calculation and statement of the final payment due, including release of retention
8. Tax Compliance Statement: Confirmation of tax compliance and any tax deductions applied
9. Certification: Formal certification statement and signatures of authorized parties
1. Outstanding Claims Resolution: Required when there are settled claims or variations that affect the final payment
2. Defects Liability Statement: Include when the defects liability period has expired and all defects have been remedied
3. Third Party Clearances: Required when there are subcontractor clearances or third-party payments to be addressed
4. Performance Bond Release: Include when there is a performance bond to be released
5. Warranty Statements: Required when specific warranties extend beyond the final payment
6. Environmental Compliance: Include when project has specific environmental requirements that need final clearance
1. Schedule A - Final Account Summary: Detailed breakdown of the final contract sum including all variations and adjustments
2. Schedule B - Outstanding Works List: List of any minor outstanding works or defects with agreed values (if applicable)
3. Schedule C - Retention Release Calculation: Detailed calculation of retention money and release schedule
4. Schedule D - Tax Deduction Summary: Breakdown of all tax deductions and withholdings
5. Appendix 1 - Completion Certificates: Copies of practical completion and defects liability completion certificates
6. Appendix 2 - Claims Settlement Documentation: Records of any settled claims or disputes affecting final payment
7. Appendix 3 - Statutory Declarations: Required declarations regarding payments to subcontractors and compliance with laws
8. Appendix 4 - As-Built Documentation: Confirmation of receipt of all required as-built drawings and documentation
Authors
Works
Contract Sum
Final Contract Sum
Retention Money
Defects Liability Period
Practical Completion
Completion Certificate
Contract Administrator
Engineer
Employer
Contractor
Project
Site
Variations
Claims
As-Built Documents
Outstanding Works
Previous Interim Certificates
Final Account
Delay Damages
Performance Security
Statutory Deductions
Tax Withholdings
Contract Documents
Substantial Completion
Defects
Time for Completion
Taking-Over Certificate
Performance Certificate
Release of Retention
Final Statement
Statement at Completion
Payment Certificate
Approved Variations
Quality Assurance Documents
Completion Documents
Statutory Compliance
Warranties
Maintenance Period
Contract Reference
Completion Certification
Payment Calculation
Retention Release
Tax Compliance
Claims Settlement
Variations Confirmation
Quality Assurance
Defects Resolution
Outstanding Works
Payment History
Statutory Compliance
Warranty Confirmation
Documentation Handover
Subcontractor Clearance
Insurance Status
Bond Release
Final Account Reconciliation
Dispute Resolution
Certification Authority
Execution
Governing Law
Commercial Construction
Residential Construction
Infrastructure Development
Industrial Construction
Public Works
Energy Infrastructure
Transportation Infrastructure
Healthcare Facilities
Educational Facilities
Retail Development
Hospitality Construction
Legal
Finance
Construction
Project Management
Commercial
Procurement
Contracts Administration
Quality Assurance
Audit
Risk Management
Project Manager
Construction Manager
Quantity Surveyor
Contract Administrator
Project Engineer
Site Engineer
Chief Financial Officer
Financial Controller
Construction Director
Commercial Manager
Claims Manager
Legal Counsel
Procurement Manager
Cost Controller
Audit Manager
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