The amount due: This is the amount of money that is still owed to the contractor up to the date indicated.Ī typical Interim Certificate includes the following information such as the name and address of the contractor, name and address of the employer, project name and location, contract number, date of the certificate, date of the contract, period of the certificate, total contract amount, value of work completed, value of work accepted and inspected, the amount paid to date, the amount due, and the signature of the certifying officer.The amount paid to date: This is the amount of money that has been paid to the contractor up to the date indicated.The portion of the contract completed: This is the percentage of the contract that has been completed as of the date indicated on the Interim Certificate.The total contract amount: This is the total amount of the contract as agreed upon by both parties.Generally, the Interim Certificate includes details such as: It has to fulfill two functions, such as controlling the work progress and normalizing installment payments or interim payments, agreed with the contractor. Interim certificate is the most frequenly used certificate in construction contracts, often use interchangeably with a progress certificate. It is used to show the progress of the project and the payments made for the work completed up to the given date. An Interim Certificate is an important document that is issued by the appropriate authority during a construction project to signify the payment for the work completed as of a certain date.
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