Final Payment Certificate (Construction) Template for South Africa

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Key Requirements PROMPT example:

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."

Document background
The Final Payment Certificate (Construction) is a critical document issued near the completion of construction projects in South Africa. It is typically issued after the completion of the works and the defects liability period, or as otherwise specified in the contract. This certificate represents the final financial settlement between the employer and contractor, incorporating all previous payments, variations, claims, and adjustments made throughout the project's duration. It is governed by South African construction law, including the Construction Industry Development Board Act and standard industry contracts such as JBCC. The document is essential for project closure and usually triggers the release of remaining retention monies and the discharge of performance securities, subject to the satisfaction of all contractual obligations. It serves as conclusive evidence of the final amount due and marks the formal financial completion of the construction contract.
Suggested Sections

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

Optional Sections

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

Suggested Schedules

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

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

Relevant legal definitions
Relevant Industries

Commercial Construction

Residential Development

Industrial Construction

Infrastructure Development

Mining Construction

Healthcare Facilities

Educational Facilities

Retail Development

Government Infrastructure

Transportation Infrastructure

Relevant Teams

Finance

Commercial

Legal

Construction

Project Management

Contract Administration

Quantity Surveying

Procurement

Accounts Payable

Risk Management

Relevant Roles

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

Industries
Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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