Document background
The Final Payment Certificate (Construction) is a critical document used at the conclusion of construction projects in Canada, governed by provincial construction legislation and regulations. It serves as the formal certification that all construction work has been completed satisfactorily according to the contract requirements. This document is typically issued after the completion of any deficiency work, receipt of all required documentation, and confirmation that all subcontractors and suppliers have been paid. The certificate includes comprehensive financial details, including the original contract sum, all approved changes, previous payments, and final payment calculations. It also addresses the release of statutory holdbacks as required by provincial legislation. The document is essential for project closeout and triggers the release of final payment, making it a crucial tool in construction project management and financial administration.
