Tag: Valuation
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Getting Paid: Valuation Date, Due Date, and Final Date for Payment Explained
Getting paid is a crucial aspect of working in the construction industry. However, the payment process can be complex, especially when it comes to understanding valuation dates, due dates, and the final date for payment. In this beginner’s guide, we will explain these key concepts and their significance in ensuring timely and accurate payment in…
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Understanding the Importance of Interim Valuations in Construction Projects
In the dynamic world of construction projects, effective financial management is crucial for ensuring timely progress and successful outcomes. Interim valuations play a significant role in this regard, providing a mechanism to assess the work completed at specific stages and determine the corresponding payments. This article aims to demystify the importance of interim valuations in…