Independent interim valuations and payment certificate support

Quantity Surveying and Cost Control

Independent interim valuations and payment certificate support

Interim valuations are the mechanism by which contractors are paid during a construction project. An independent assessment of the value of work done and materials on site protects the client from overpaying and ensures the contractor is paid fairly for work completed. LateShield provides independent interim valuation and payment certificate support for residential and commercial projects.

What we cover

Work covered

LateShield coordinates the required specialists and manages the process from initial review through to practical completion. The work covered on this service includes:

Discuss your project
  • Assessment of contractor applications for payment
  • Valuation of work done on site
  • Valuation of materials on site
  • Payment certificate preparation
  • Retention assessment and management
  • Variation account assessment
  • Disputed payment assessment
  • Final account preparation and agreement
  • Payment dispute support

Who this is for

Is this service right for you?

  • Clients who need independent assessment of contractor payment applications
  • Project managers who need payment certificate support
  • Clients dealing with a disputed payment or final account
  • Anyone who wants independent oversight of the payment process on a construction project

What you receive

Your deliverables

  • Independent assessment of the contractor's application for payment
  • Payment certificate showing the value certified
  • Retention account statement
  • Variation account assessment
  • Final account preparation and agreement support

Process

How it works

01

Initial enquiry

Contact LateShield with details of the project and the payment application. We will confirm the scope and timescale for the valuation.

02

Application review

We review the contractor's application for payment and the supporting documentation.

03

Site valuation

We assess the value of work done on site and materials stored, comparing the application against the contract documents.

04

Payment certificate

We prepare a payment certificate showing the value certified and the amount due to the contractor.

05

Final account

At the end of the project, we prepare and agree the final account with the contractor.

Getting started

What to send us

Send us whatever you have. You do not need everything — share what is available and we will work with it.

Contractor's application for payment
Contract documents and contract sum
Drawings and specification
Details of any variations or changes
Previous payment certificates if available

FAQs

Frequently asked questions

If you have a question not covered here, contact us directly and we will be happy to help.

Ask a question

An interim valuation is an assessment of the value of work done and materials on site at a point during the construction programme. It forms the basis for an interim payment to the contractor. Most construction contracts provide for regular interim payments throughout the project.

Retention is a percentage of each interim payment that is withheld by the client as security against defects. It is typically released in two halves — half at practical completion and half at the end of the defects liability period.

A payment certificate is a formal document issued by the contract administrator or quantity surveyor certifying the amount due to the contractor at each interim valuation. Under most standard construction contracts, the client must pay the certified amount within a specified period.

Yes. LateShield can provide independent assessment of a disputed payment and support the resolution of the dispute. See also the construction payment support and contractor dispute support pages.

Yes. Interim valuation and payment certificate services are available for residential and commercial projects throughout the UK.

Coverage

Service area

Interim valuation and payment certificate services are available for residential and commercial projects throughout the UK. Site-based valuations are available across Worcestershire and surrounding areas.

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Describe your situation and LateShield will advise on the most appropriate support. There is no obligation.