APPENDIX C APPLICATION AND CERTIFICATION FOR PAYMENT TO OWNER: PROJECT: Invoice # APPLICATION NO: Distribution to: OWNER PERIOD TO: FROM CONTRACTOR: ARCHITECT VIA ARCHITECT: CONTRACTOR PROJECT NOS:.
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How to fill out the Application And Certificate For Payment online
The Application And Certificate For Payment is a crucial document used in the construction industry to request payment for work completed. This guide provides a clear and detailed overview of how to accurately complete this form online, ensuring a smooth payment process.
Follow the steps to complete the form online effectively.
- Click ‘Get Form’ button to access the Application And Certificate For Payment and open it in your online editor.
- Enter the project name and the invoice number in the designated fields at the top of the form. Make sure these details are accurate to avoid payment delays.
- Indicate the period for which payment is being requested by filling in the 'Period To' and 'From' fields. This should reflect the specific timeframe of work completed.
- In the 'Contractor' section, input the contractor's name and any relevant project numbers discussed in the contract.
- Complete the Contractor's Application for Payment section by filling in the original contract sum, net changes by change orders, and calculating the total contract sum to date.
- Provide the total completed and stored to date, ensuring you reference the appropriate columns as indicated on the form.
- Calculate the retainage based on the completed work percentage and the total stored material, entering these figures in the designated fields.
- After calculating the total earned less retainage, subtract any previous certificates for payment to determine the current payment due.
- Fill in the balance to finish, including retainage, based on the calculations from prior sections.
- Summarize any change orders in the summary section, ensuring all changes are accurately documented.
- Certify the application by signing and dating the form, and include any notarization if necessary. Ensure all required signatures are obtained.
- Finally, review the completed form for accuracy. Once reviewed, save the changes, and choose to download, print, or share the form as needed.
Begin filling out your Application And Certificate For Payment online today!
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Get answers to your most pressing questions about US Legal Forms API.
What is a penultimate certificate?
The Penultimate Certificate (AKA Practical Completion Certificate) is produced by the Contract Administrator stating that the Contractor has achieved Practical Completion.
What is a payment certificate?
Payment Certificate means a document issued by the principal agent certifying the amount due and payable by the employer to the contractor or vice versa.
What is the application for payment?
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).
What is the purpose of retention in construction contracts?
The purpose of retention — also known as retainage — is to incentivize contractors to complete a job ing to the contract terms by withholding a portion of their payment until all agreed-upon project milestones have been met. It's like a risk management strategy to ensure job completion.
What is a progress payment in construction?
A progress payment is a partial payment approach identified in a contract related to steps or phases toward the completion of the contract for goods and/or services. Use of this payment approach can require withhold of a percentage of payment pending completion of the entire contract and a bond.
What is an application and certification for payment?
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.
Which form is an application and certification for payment?
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.
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