Monthly Payment Certificate Clause Samples
The Monthly Payment Certificate clause establishes the process by which a contractor is formally recognized for the value of work completed during a specific month. Typically, the contractor submits a statement of work performed, which is then reviewed and certified by the project manager or engineer before payment is authorized. This clause ensures that payments are made regularly and accurately, providing a clear mechanism for progress payments and helping to maintain cash flow and transparency throughout the project.
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Monthly Payment Certificate. The Contractor shall submit to the Project Manager, in the manner required by the Project Manager after the end of each month a statement showing the estimated total value of installation services properly executed and materials or goods for permanent works brought to Site up to the end of the previous month. The Contractor shall amend or correct his estimate as directed by the Project Manager and the latter shall not accept it until he is satisfied that it is fair and reasonable. With respect to the said materials and goods, no payment for them shall be made unless:-