Application for Payment Form
Download here: Application for Payment Form Rev 3.xlsx
Instructions For The Use Of The Progress Payment Worksheets
- Start With A Blank Workbook For Each Project.
- Each Payment Request Consists Of Two (2) Sheets: A Cover And A Continuation Sheet
- Start By Filling Out The First Continuation Sheet
- Only Write In The Greyed-Out Fields.
- The First Continuation Sheets Should Provide A Breakdown Of All The Tasks, And Provide A Scheduled Value For Each Of Them
- The Grand Total In Column C Should Match The Value Of The Contract
- The First Cover Sheet Automatically Picks-Up Data From The First Continuation Sheet.
- You Can (Must) Fill-In The Grey Fields.
- The Retainage Percentages That You Set Here Are Transferred Back To The First Continuation Sheet.
- When Complete, You Can Submit The Two Sheets As Your Progress Payment Request.
- The 2nd Payment Request Is Documented By The (Green) Continuation And Cover Sheets
- The Tasks And Schedule Of Values That You Entered In The First Sheet Are Shown In Grey Fields
- Normally, You Would Not Change Any Of This Data.
- But, If There Are Change Orders, You Can Add Them As Tasks: This Increases The Total Value Of The Work That Is Shown At The Bottom Of Column C
- Such Change Orders Need To Be Accounted For In The Table At The Bottom Of The Cover Worksheet
- You Document Your Work For The Period In Column E. The Workbook Keeps The Running Total Of Work Done Over All The Periods
- If You Wish To Be Paid For Stored Materials, You Must Report Them In Column F: That Value Is The Stored Inventory Value At The End Of The Period, Not What Was Added During The Period.
Questions: Patrick Decavaignac At Patdecav@Blub0X.Com Or 914-255-0025