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Final Payment Certificate (Construction)
"I need a Final Payment Certificate (Construction) for a completed shopping mall project in Cape Town, with a contract value of R50 million, where practical completion was achieved on March 15, 2025, and all works have been completed satisfactorily with no disputes."
1. Project Identification: Details of the construction project, contract reference numbers, and parties involved
2. Contract Information: Original contract sum, authorized variations, and adjusted contract value
3. Previous Payment Summary: List of all previous interim payments certified and paid
4. Final Account Summary: Final contract value including all variations, adjustments, and claims
5. Retention Release: Details of retention monies held and to be released
6. Final Payment Amount: Clear statement of the final amount due, considering all previous payments
7. Tax Information: VAT and other applicable tax details
8. Certification Statement: Formal certification by the authorized person/entity
1. Disputed Items: List of any disputed amounts and their current status - include when there are unresolved claims
2. Conditional Payments: Any payments subject to conditions or pending actions - include when there are outstanding requirements
3. Defects Liability: Status of defects liability period and any outstanding items - include when defects period hasn't expired
4. Set-off Amounts: Details of any amounts set off against the final payment - include when there are counter-claims
5. Performance Bond Release: Status and release of performance bonds - include when bonds were part of the contract
1. Schedule A - Variation Orders: Detailed list of all variation orders and their financial impact
2. Schedule B - Claims Summary: Summary of all claims made and their resolution
3. Schedule C - Payment History: Detailed breakdown of all previous payments
4. Schedule D - Final Account Calculations: Detailed calculations showing how the final amount was determined
5. Schedule E - Outstanding Items List: List of any outstanding items or conditions to be met
6. Appendix 1 - Supporting Documents: Copies of relevant supporting documentation
7. Appendix 2 - As-Built Documentation: Confirmation of receipt of as-built drawings and documentation
8. Appendix 3 - Warranties and Guarantees: List of all warranties and guarantees provided
Authors
Adjusted Contract Sum
Certificate
Contract
Contract Documents
Date of Practical Completion
Date of Final Completion
Defects Liability Period
Employer
Final Account
Final Payment Certificate
Interest Rate
Payment Certificate
Practical Completion Certificate
Principal Agent
Project
Retention Money
Site
Specification
Variations
Works
Construction Period
Contract Instructions
Contractor
Day
Drawings
Extension of Time
Interim Payment Certificate
Materials
Nominated Subcontractors
Payment Due Date
Performance Security
Professional Team
Programme
Quantity Surveyor
Recovery Statement
Selected Subcontractors
Taking Over Certificate
VAT
Working Days
Contract Reference
Payment Certification
Final Account Calculation
Previous Payments
Variations and Adjustments
Retention Release
Set-off Rights
Tax Compliance
Outstanding Claims
Defects Liability
Performance Security
Contract Completion
Professional Certification
Supporting Documentation
Payment Terms
Dispute Resolution
Final Settlement
Release of Securities
Outstanding Obligations
VAT Provisions
Authority and Jurisdiction
Commercial Construction
Residential Development
Industrial Construction
Infrastructure Development
Mining Construction
Healthcare Facilities
Educational Facilities
Retail Development
Government Infrastructure
Transportation Infrastructure
Finance
Commercial
Legal
Construction
Project Management
Contract Administration
Quantity Surveying
Procurement
Accounts Payable
Risk Management
Project Manager
Quantity Surveyor
Construction Manager
Contract Administrator
Financial Controller
Chief Financial Officer
Construction Director
Project Accountant
Commercial Manager
Claims Manager
Site Manager
Principal Agent
Finance Director
Procurement Manager
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