A certificate of vesting is to be used by a subcontractor to enable payment for goods or materials held by him off-site.

The Vesting Certificate confirms that goods or materials described on an attached schedule are held at the specialist’s works, are substantially complete, are intended for delivery to the site, do not have any ownership problems, are insured, and are marked and set aside.

This clear undertaking should satisfy the reasonable requirements of employers, main contractors, QSs or other interested parties. The Vesting Certificate also confirms that the goods or materials will pass into the legal ownership of the designated recipient as soon as the subcontractor receives payment.
The Vesting Certificate provides a useful document for all specialist companies which seek to obtain payment for off-site goods or materials.

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