Certificates and Payments Quiz

What does a payment certificate state?

• The amount that the Employer should pay the Contractor

• The amount that the Contractor should pay the Employer

• The amount of work completed

What is the general procedure for payments?

• Contractor applies, CA certifies, Employer pays

• Employer pays directly to the Contractor

• CA certifies, Contractor applies, Employer pays

What is advance payment?

• Payment made upon signing of the contract

• Payment made at the end of the project

• Payment made during the project

What is a certificate?

• Formal expression of the CA’s opinion

• A document for payment

• A contract agreement

What does an interim certificate show?

• The amount of work properly carried out

• The total cost of the project

• The final payment due

What is the main purpose of interim payments?

• To assist the Contractor’s cash flow

• To finalize the project

• To reduce costs

What does the interim certificate state?

• The amount due to Contractor from the Employer

• The total project cost

• The amount of materials used

What is the period for the issuance of the interim certificate after the Contractor's application?

• Twenty-one (21) days

• One (1) month

• Thirty (30) days

• Two (2) weeks

What should the Contractor include in his application for payment?

• Only the work done

• Everything he thinks he is entitled to be paid

• Only the estimated value

• Nothing specific

What is the interim claim interval if not stated?

• One (1) month

• Two (2) months

• Three (3) weeks

• Four (4) weeks