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Interim Certification, Stage Payment Certification, Practical
Completion Certification & Final Account Certification
“Interim Certificates are required by Lending Institutions in order to release funds.”
“Payment Certificates are required prior to the release of funds to the contractor”
Payment Certificates Explained:
• Interim Certificates are required by mortgage lending institutions prior to the release of interim ‘draw downs’ on the mortgage. Certificates are issued at pre-determined interim stages during construction, following an inspection and valuation of the property. • Stage Payment Certificates are required prior to the release of funds to the contractor. • Practical Completion Certificates are Issued prior to the handing over of the building, where the building is declared practically complete. A defects liability period follows this. • The Final Account Certificate is issued following the expiration of the Defects Liability Period and the final agreement of accounts. • Certification can only be provided by certain registered professionals, such as a RIAI Registered Architect. • A request for a stage payment will usually be instigated by the building contractor. This usually occurs at agreed stages of construction. • On receipt of a payment request, we inspect the works completed and, following valuation, we issue the appropriate certificates.
As RIAI Registered Architects we can provide
your Lending Institution with Interim Certificates
as required.
Interim, Stage, PC & Final Certification Service
are included as part of our Standard Services on
projects for which we are providing Full
Architectural Service.
Architect Galway, Barna
