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Nts received, and that the current payment shown herein is now due. This Application for Payment is made according to the following determination: TOTAL COMPLETED & STORED TO DATE 1) RETAINAGE* (3% of line 1) CONTRACTOR Previous Retainage Retainage This Pay ADDRESS TOTAL RETAINAGE 2) TOTAL EARNED LESS RETAINAGE 3) LESS PREVIOUS CERTIFICATES 4) CITY/STATE/ZIP BY CURRENT PAYMENT DUE 5) TITLE *See General Conditions for retainage procedures and requirements for projects of differing si.

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2:59 9:44 How to fill out the G702 Application & Certificate for Payment YouTube Start of suggested clip End of suggested clip But keep in mind that if line two is a negative number adding it to line one should reduce the totalMoreBut keep in mind that if line two is a negative number adding it to line one should reduce the total. Amount. So the result that you get is the total amount that you expect to be paid.

Information on a pay application form Original contract amount. Sum of approved change orders. Total value of work completed & materials stored on-site to date. Amount retained. Total amount earned to date. Total amount received to date. Amount currently due. Balance to finish.

An Application for Payment is a written request for payment submitted by a payee (usually a subcontractor in a construction industry context) for either full or partial payment against contracted works with a contractor (the payer).

Application for Payment: General Form Forms: G702 Application and Certificate for Payment: Serves as the request for payment by the contractor and includes a certification by the architect to determine whether payment is approved.

A payment application or payment app is a more detailed version of an invoice. It helps ensure that a contractor gets paid by providing detailed information about all aspects of the project.

Is a payment application the same as an invoice? No. In construction, a payment application may include your invoices and other invoices, but it is something a bit different. At its core, the pay application and the invoice serve very similar functions.

Payment Application Definition. The Payment Application Screen processes formal written requests for payment by a contractor for work completed on a construction contract. Payment applications are processed by contract line item, each of which is associated to a capital project component.

Payment Application Definition. The Payment Application Screen processes formal written requests for payment by a contractor for work completed on a construction contract. Payment applications are processed by contract line item, each of which is associated to a capital project component.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232