APPLICATIONS FOR PAYMENT
Section 0ll52 - Page 0ll52-2
B.
Continuation Sheets: l. Fill in total list of all scheduled component items of Work with item number and scheduled dollar value for each item. 2. Fill in dollar value in each column for each scheduled line item when work has been performed or product stored. a. Round off values to nearest dollar, or as specified for Schedule of Values.
3.
List each approved Change Order executed prior to date of submission, at the end of the continuation sheets. a. List by Change Order Number, and description, as for an original component item of work.
C.
Retainage l. The Contractor shall indicate a percentage of the completed work and stored material retained in each application for payment. 2. The retainage shall be calculated from Line Item 4 "Total Completed and Stored to Date" with the breakdown shown in Line Item 5a and 5b according to the following schedule: Contract Work Completed | Retained Amount 0 - 100% | l0% 3. The Contractor may request in writing a reduction of retainage as job conditions warrant. 4. The College will reserve the right to approve or reject the reduction of retainage based upon the values shown in the Continuation Sheet G-703 which are in excess of the actual work completed or items which may effect the job progress or completion.
l.5
SUBSTANTIATING DATA FOR PROGRESS PAYMENTS A. When the Owner requires substantiating data, Contractor shall submit suitable information, with a cover letter identifying:
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