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Final Payment Certificate In (Construction)

Final Payment Certificate In (Construction) Template for Ireland

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Key Requirements PROMPT example:

Final Payment Certificate In (Construction)

"I need a Final Payment Certificate In (Construction) for a completed office building project in Dublin, with a contract value of €5.2 million, incorporating three approved variations and final retention release, to be issued by March 2025 under Irish law."

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Document background
The Final Payment Certificate In (Construction) is a crucial document used in the Irish construction industry to formally conclude the financial aspects of a construction project. It is typically issued after practical completion of the works and the end of the defects liability period. This certificate serves as the final financial settlement between the employer and contractor, incorporating all variations, adjustments, and previous payments made throughout the project duration. Under Irish law, particularly the Construction Contracts Act 2013, this document must meet specific requirements regarding payment practices and timing. The certificate should include comprehensive financial calculations, confirmation of works completion, tax compliance documentation, and any relevant supporting certificates. It represents a significant milestone in project completion and is often required for final account settlement, release of retentions, and closure of project finances.
Suggested Sections

1. Project Identification: Details of the construction project including project name, location, contract reference number, and date

2. Parties: Full details of the Employer, Contractor, and Contract Administrator/Architect

3. Contract Reference: Reference to the original contract, including date and any variations

4. Works Description: Brief description of the completed works

5. Certification Statement: Formal statement certifying the completion of works and final payment amount

6. Financial Summary: Detailed breakdown of the final account including original contract sum, variations, adjustments, and previous payments

7. Final Certificate Amount: Clear statement of the final amount due, including any retention release

8. Tax Compliance: Confirmation of tax clearance and VAT requirements

9. Declaration: Professional declaration by the certifier regarding the accuracy of the certificate

10. Authentication: Signatures, dates, and professional stamps as required

Optional Sections

1. Defects Liability Statement: Statement regarding the completion of defects liability period - include if defects period has ended

2. Retention Release Details: Specific section about retention monies - include if retention is being released

3. Outstanding Claims Resolution: Statement regarding resolution of any disputes or claims - include if there were disputes

4. Performance Bond Release: Details of performance bond release - include if a bond was required

5. Subcontractor Payment Confirmation: Confirmation of payments to subcontractors - include for larger projects with significant subcontractor involvement

6. Building Energy Rating: Final BER certification details - include for relevant building projects

Suggested Schedules

1. Schedule A - Detailed Financial Breakdown: Itemized breakdown of all financial calculations including variations, adjustments, and previous payments

2. Schedule B - Variations Summary: Complete list of all variations and their financial impact

3. Schedule C - Previous Payment Certificates: Summary of all interim payments made to date

4. Appendix 1 - Supporting Documents: List of relevant certificates, warranties, and documentation confirming completion

5. Appendix 2 - Tax Clearance Certificates: Copies of current tax clearance certificates

6. Appendix 3 - Completion Certificates: Copies of practical completion certificate and other relevant completion documentation

Authors

Alex Denne

Head of Growth (Open Source Law) @ ¶¶Òõ¶ÌÊÓƵ | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co
Relevant legal definitions



































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Relevant Industries

Construction

Real Estate Development

Infrastructure

Commercial Property

Residential Development

Industrial Construction

Public Works

Healthcare Construction

Educational Facilities

Retail Development

Relevant Teams

Finance

Commercial

Legal

Construction

Project Management

Quantity Surveying

Contract Administration

Building Control

Risk Management

Accounts Payable

Relevant Roles

Project Manager

Quantity Surveyor

Construction Manager

Contract Administrator

Commercial Manager

Financial Controller

Project Architect

Construction Director

Claims Manager

Cost Manager

Chief Financial Officer

Construction Law Solicitor

Building Control Officer

Client Representative

Finance Director

Industries








Teams

Employer, Employee, Start Date, Job Title, Department, Location, Probationary Period, Notice Period, Salary, Overtime, Vacation Pay, Statutory Holidays, Benefits, Bonus, Expenses, Working Hours, Rest Breaks,  Leaves of Absence, Confidentiality, Intellectual Property, Non-Solicitation, Non-Competition, Code of Conduct, Termination,  Severance Pay, Governing Law, Entire Agreemen

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