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ION DATE: amounts are stated to the nearest dollar. Use column I on Contracts where variable retainage for line items apply. SUBCONTRACTOR: PERIOD TO: PROJECT: A SUBCONTRACT NO.: B C D E F WORK COMPLETED ITEM NO. DESCRIPTION OF WORK SCHEDULED VALUE FROM PREVIOUS APPLICATION (D + E) THIS PERIOD MATERIALS PRESENTLY STORED (NOT IN D OR E) G TOTAL COMPLETED AND STORED TO DATE (D + E + F) H Percent Complete (G C) I BALANCE TO FINISH RETAINAGE (IF VARIABLE RATE) APPLICATION AND.

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How to fill out the Payapp Continuation Form online

The Payapp Continuation Form is an essential document for contractors seeking payment for completed work on a project. This guide provides clear and detailed steps to help users effectively fill out the form online, ensuring accuracy and compliance with payment requirements.

Follow the steps to accurately complete the Payapp Continuation Form online.

  1. Click ‘Get Form’ button to obtain the form and open it in the editor.
  2. Enter the application number in the designated field at the top of the form. This number is crucial as it links your application to your project.
  3. Fill in the application date to indicate when you are submitting your payment application.
  4. Provide the subcontractor's name and the specific period for which the payment application is being made.
  5. Input the project name and the subcontract number to give context to your application.
  6. In the work completed section, list each item number and description of work performed. Clearly detail the scheduled value for each item.
  7. For amounts from previous applications, fill in the values from columns D and E as applicable.
  8. Record the current period materials presently stored that are not included in columns D or E.
  9. Calculate the total completed and stored to date by summing columns D, E, and F.
  10. Determine the percent complete by dividing the total completed and stored to date (Column G) by the scheduled value (Column C).
  11. Fill out the balance to finish, which shows how much work remains to be completed.
  12. If there is variable retainage, document it in the appropriate section, indicating the rate.
  13. Confirm all provided information is accurate and reflects a true account of work completed. Review the Change Order Summary to ensure it is filled out properly.
  14. At the conclusion of filling out the form, users can choose to save changes, download, print, or share the form as necessary.

Complete your Payapp Continuation Form online to streamline your payment process.

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(in a document) a page that continues from the one before it, containing similar information. Use the continuation sheet to enter additional areas, if needed. Collins English Dictionary.

Take our $10,000 line-item example and assume there is 5% retainage on it. If you're 10% complete with that item, you would bill $950 and hold $50 in retainage. If you were to bill another 10% of that line item on each application, another $50 would be held in retainage each time.

AIA Document G702® 1992, Application and Certificate for Payment, and G703® 1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due. ... Its use can expedite payment and reduce the possibility of error.

AIA Document G703 1992 breaks the contract sum into portions of the work in accordance with a schedule of values prepared by the contractor as required by the general conditions.

AIA Document G702® 1992, Application and Certificate for Payment, and G703® 1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due.

A Schedule of Values, or SOV, is a list of every work item on a project, along with each item's value or cost. ... According to the standardized contract documents from the American Institute of Architects (AIA), The schedule of values shall allocate the entire contract sum among the various portions of the work.

A continuation sheet is a full breakdown of all work and materials that a contractor provides to a project. It separates the entire contract sum into portions of work, using the schedule of values as a base. This is a useful supplement to provide the necessary details to get approval on a payment application.

A continuation sheet is a full breakdown of all work and materials that a contractor provides to a project. It separates the entire contract sum into portions of work, using the schedule of values as a base.

(in a document) a page that continues from the one before it, containing similar information. Use the continuation sheet to enter additional areas, if needed. Collins English Dictionary.

A continuation sheet is a form that supplements a construction pay application. ... This document provides the status of completed work, the costs associated with each part, and the current amount of payments made and to be made.

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