Who Needs Application for Payment?
Application for payment is often associated with construction documents. Actually it is one of the most important forms that must be filled out by contractor who has done certain project in accordance with contract documents.
What is Application for Payment for?
Application for payment usually looks like a list of the certain amounts spent on particular part of the whole completed work. With this document an owner can keep track of all the project expenses. It is also a convenient way to control and evaluate the work done by the contractor.
Is Application for Payment Accompanied by Other Forms?
Application for payment is often submitted with the Contract, Continuation Sheet and AIA Document G703. A contractor is required to attach explanation if the amount of money spent differs from the initial amount provided by the owner.
When is Application for Payment due?
The due date of this document is specified in the contract agreement.
How Do I Fill out Application for Payment?
Application for payment is one-page document divided into three parts. It starts with the information about the owner, contractor, project and contract dates. In the second part, a contractor must enter the amounts spent on materials during their work on a project. The third part contains the certified amount that was initially planned to be spent on the project.
Where Do I Send Application for Payment?
Submit the completed application for payment to the owner of the project.