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Get Schedule Of Amounts For Contract Payments Form
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How to fill out the Schedule Of Amounts For Contract Payments Form online
Filling out the Schedule Of Amounts for Contract Payments Form accurately is essential for ensuring timely progress payments in construction projects. This guide provides clear instructions to help users of all experience levels complete the form online effectively.
Follow the steps to accurately complete the Schedule Of Amounts For Contract Payments Form.
- Click ‘Get Form’ button to access the form and open it in your preferred online editor.
- In the heading section, enter all the necessary identifying information, including the project name, location, and project number.
- Provide the name, address, and zip code of the contractor in the designated fields to ensure proper identification.
- Specify the nature of the contract and the contract number in the respective areas.
- Obtain the appropriate approvals by providing names, titles, and dates for the contractor, architect, and owner in the specified sections.
- In column 1, enter item numbers starting from No. 1, followed by the description of each principal division of work in column 2.
- Document the total quantity for each sub-item of work in column 3, ensuring accuracy.
- Specify the unit of measure for each sub-item in column 4, such as 'sq. ft.', 'cu. yd.', or any applicable measure.
- Indicate the unit price in place for each sub-item in column 5.
- Calculate the amount of each sub-item in column 6 by multiplying the quantities in column 3 by the unit prices in column 5.
- Calculate the total amount for each principal item in column 7 by summing the amounts of all related sub-items from column 6.
- Sign and date the form at the bottom of each page in the provided space.
- Ensure that you submit the required minimum number of copies, consisting of an original and at least two copies, for approval.
- Finally, save changes, download a copy for your records, or print and share the completed form as needed.
Complete your documents online today for a streamlined experience in managing your contract payments.
What Should a Schedule of Values Include? Project name and number. Name of the prime or general contractor. Application number and date. Work item numbers. Description of work items. Total value of each item. Percentage of work completed. Value of work completed for past and current periods.
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