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- Project- Linked project used to auto-fill WBS, service lines, and cost tracking information in the certificate.
Company - The
contractingcompany for whom the payment certificate is created
- Contract- Sets the rules for billing and certification based on the chosen contract type.
It includes project details, involved parties, currency, and rules for VAT, retention, advances, and pricing.
Also, it automatically pulls in BOQ/Estimation items and fills in Terms & Conditions.
- Retention- Amount withheld (percentage or fixed) from the certified value, calculated based on contract settingsApply Retention withholds a portion of the payment as specified by the contract, and Ret. VAT at Retention Invoice applies VAT to the retention amount when the retention invoice is issued. Both options are set based on the selected contract and are non-editable from the document.
- Entity - Legal party involved in issuing or receiving the certificate (same as Company, if relevant to system design).The legal party that issues the payment certificate
- Basis- Indicates whether the certificate is generated from a Payment Application or created manually for progress.
- The Progress / Advance selector allows the user to define the purpose of the certificate-
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