Get Construction Cost Trade Payment Breakdown - Michigan

Filling out the Construction Cost Trade Payment Breakdown form is a crucial step for contractors managing project funds in Michigan. This guide will provide you with a clear, step-by-step approach to ensure you complete the form accurately and efficiently.

Follow the steps to successfully complete the form online.

1. Press the ‘Get Form’ button to access the Construction Cost Trade Payment Breakdown form and open it in your preferred editor.
2. Begin by entering the project date, development number, project name, and city or county at the top of the form. Accurate details are essential for proper documentation.
3. Fill in the mortgagor's information along with the contractor's name. This section is vital to properly identify the parties involved in the construction.
4. Proceed to the structures section, where you will input trade items and their associated costs. Make sure to follow the AIA/CSI number references for each line item accurately.
5. Complete the site work area, detailing costs for various categories such as site environmental mitigation, earth work, roads/walks, and site utilities.
6. Continue with the miscellaneous structures and site work, ensuring each category from community buildings to accessory buildings is accounted for. Total these costs as instructed.
7. Once all costs are entered, calculate totals for structures, site work, and miscellaneous items, ensuring that you include general requirements and builder's overhead percentages.
8. Add any comments related to the total construction costs, emphasizing that they have been approved by MSHDA. Highlight any potential revisions before disbursement of construction draws.
9. Finally, print the document and collect the required signatures from the contractor, sponsor/mortgagor, and MSHDA representative. Ensure all signatures are clear and legible before submission.
10. After completing all sections and obtaining signatures, you may save any changes, download, print, or share the finished form as necessary.

Complete your construction documents online effectively today!