Easier Management of Real-Time Expenditure Against Contracts
Easier Management of Real-Time Expenditure Against Contracts
Payment certificates are the go-to standard for processing payments from architects and engineers to the client within a construction project. They have a major impact on cash flow and are issued over the lifespan of a project. In construction projects, a contractor is either paid monthly, quarterly, or as generally agreed. Parties have the freedom of contract to determine the number of months within which valuation is done and payment made.
The Certificate of Payment module in SmartProject assists the Project Team with the Payment Certificate Process and reflects the most up-to-date expenditure against contracts as well as payment history and payment approvals. For smooth management of payment certificates, SmartProject offers a host of features that helps in managing the certificate from start to finish.
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