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Payment Schedule

A Payment Schedule or sometimes called Payment Certificate, is a formal document issued by the superintendent to a contractor in a construction project.

Topic:

Security of Payment Act

Date posted:

April 8, 2024

Date updated:

November 26, 2024

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Payment Schedule Meaning

A Payment Schedule or sometimes called Payment Certificate or Progress Certificate is a formal document issued by the superintendent to a contractor in a construction project, certifying the amount of payment to be made to the contractor for work completed during a specified period. This certificate is a critical component of the payment process under construction contracts, serving as the basis for processing progress payments.

Payment Certificate Template

Use this FREE Payment Certificate Template to certify and approve payments with greater efficiency. Clearly document amounts, work completed, and due dates for accurate, transparent project payments.

Use this Template

Posts on this topic

Security of Payment Act (SOPA) by State: Essential Insights for Industry Professionals

Security of Payment Act

Security of Payment Act (SOPA) by State: Essential Insights for Industry Professionals

In this article, we explore the intricacies of the Security of Payment Act (SOPA) across Australia, breaking down how each state's unique implementation ensures timely and fair payment practices within the construction industry

Security of Payment Act (SOPA) by State: Essential Insights for Industry Professionals

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