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Construction Payment Procedures for Quantity Surveyors
Rating: 4.3 out of 5(53 ratings)
239 students

Construction Payment Procedures for Quantity Surveyors

Learn Interim Payments, Payment Applications, Valuations, Retention, Final Accounts and FIDIC & NEC Payment Procedures
Created byAsad Khan
Last updated 8/2026
English
English [Auto],

What you'll learn

  • Understand the complete construction payment cycle from valuation and interim payment applications through certification and final payment.
  • Prepare and assess interim payment applications using measured work, project records and supporting documentation.
  • Calculate work performed, preliminaries, retention, variations, materials on site and amounts due for payment.
  • Understand and apply the key FIDIC Clause 14 provisions governing construction payments and certification.
  • Understand NEC payment procedures, including assessment of amounts due, certification and contractual payment requirements.ts
  • Prepare and understand final accounts and final payment applications using practical construction project examples.

Course content

7 sections46 lectures9h 49m total length
  • Course Introduction & What You Will Learn2:04
  • Introduction to Construction Payments & Key Terminology15:10

Requirements

  • No previous construction payment experience is required. The course starts with the fundamentals and progresses to practical payment applications.
  • Basic knowledge of quantity surveying, construction or contract administration is helpful, but not essential.

Description

Master the practical construction payment process from a Quantity Surveyor's perspective, from preparing and assessing interim payment applications through valuation, certification, retention and final payment.

Payment is one of the most important commercial responsibilities on a construction project. A Quantity Surveyor needs to understand not only how quantities are measured, but also how completed work is valued, supported by project records, submitted for payment and assessed under the contract.

This course explains that process through a practical, project-focused approach.

What You Will Learn

By completing this course, you will learn how to:

  • Understand the construction payment cycle

  • Prepare and assess interim payment applications

  • Value completed construction work

  • Understand interim valuations and payment certificates

  • Identify the documents required to support payment applications

  • Understand retention and its treatment in construction payments

  • Deal with previous payments and cumulative valuations

  • Understand variations within the payment process

  • Prepare and review final payment information

  • Understand the principles of final accounts

  • Apply payment procedures under FIDIC contracts

  • Understand payment mechanisms under NEC contracts

  • Use Excel to support construction payment calculations

Practical Construction Payment Workflow

The course follows the payment process from the perspective of a Quantity Surveyor.

You will understand how information moves through the commercial payment cycle:

Work Completed → Measurement → Valuation → Payment Application → Assessment → Certification → Payment

This helps connect measurement and valuation with the contractual and commercial procedures used on real construction projects.

Interim Payment Applications & Valuations

You will learn how interim payments are prepared and assessed, including the information and supporting documentation required to substantiate the amount being claimed.

The course explains important considerations such as:

  • Work completed to date

  • Measured quantities

  • Previous payments

  • Cumulative valuation

  • Retention

  • Variations

  • Supporting project records

  • Amount due

FIDIC & NEC Payment Procedures

Quantity Surveyors working on international and UK construction projects frequently encounter standard forms of contract.

The course introduces payment procedures and commercial considerations associated with FIDIC and NEC contracts, helping you understand how contractual requirements interact with practical valuation and payment processes.

Final Payment & Final Accounts

The payment process does not end with interim valuations.

You will also develop an understanding of the procedures associated with final payments and closing the commercial account of a construction project.

Who Is This Course For?

This course is suitable for:

  • Quantity Surveyors

  • Assistant Quantity Surveyors

  • Commercial Engineers

  • Cost Engineers

  • Construction Estimators

  • Contract Administrators

  • Civil Engineers

  • QS and Construction Management students

  • Graduates preparing for Quantity Surveying roles

  • Construction professionals who want to understand payment procedures

Why Take This Course?

Construction payments combine measurement, valuation, documentation and contract administration.

Understanding how these areas work together is an essential skill for a professional Quantity Surveyor.

If you want to strengthen your practical knowledge of Interim Payments, Payment Applications, Valuations, Retention, Final Accounts, FIDIC and NEC payment procedures, this course provides a structured introduction to the complete construction payment process.


Who this course is for:

  • Quantity Surveyors and Assistant Quantity Surveyors who want practical construction payment and valuation skills.
  • Civil Engineers, Cost Engineers and Commercial Engineers involved in construction payments and valuations.
  • QS, Civil Engineering and Construction Management students preparing for commercial roles.
  • Construction professionals who want to understand interim payments, valuations, retention and final accounts.
  • Professionals who want to understand construction payment procedures under FIDIC and NEC contracts.