In this video I explain interim payment application and how to prepare it monthly for a complete project, including how to update the monthly work done and payment application summary for every month in the project. Interim or monthly payment applications for a project are linked via previous, current and total work done and what is previously paid and in this video I highlight exactly how to do that.
The Interim Payment Application format is explained in this video:
https://youtu.be/-xVC4jI_HZI
You can enroll to our complete Quantity Surveying and Cost Estimation online courses from these below links:
**Link to Construction Cost Estimation Course "The Ultimate Guide":
https://cost-engineering-professional.teachable.com/p/construction-cost-estimation-the-ultimate-guide
**Procurement Course:
https://cost-engineering-professional.teachable.com/p/procurement-management-for-construction-projects
If you would like to see takeoff content similar to our course for free , please visit our YouTube channel:
https://www.youtube.com/channel/UCtFLgx5dKfNyGGtrWKRCT2A
If you would like to join our Facebook page where we discuss everything related to quantity surveying and cost estimation:
https://www.facebook.com/costengpro/