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Get Teamwrkx Construction Progress Payment Request Form 2024-2025
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How to fill out the TEAMWRKX Construction Progress Payment Request Form online
Completing the TEAMWRKX Construction Progress Payment Request Form online is essential for ensuring timely payments and accurate documentation. This guide provides you with clear, step-by-step instructions to help you fill out the form accurately and efficiently.
Follow the steps to complete your payment request form online.
- Click ‘Get Form’ button to obtain the form and open it in the editor.
- Begin by filling out the vendor information section. This includes your company name, sub invoice number, address, sub invoice date, required email, city, state, and zip code. Ensure all fields are completed accurately.
- In the contact section, enter your contact phone number, date signed contract returned, fax number, and the date when the insurance certificate was submitted.
- Next, move on to the project information section. Fill out the Teamwrkx job number, project name, Teamwrkx contract number, project address, and the contact information for the Teamwrkx project manager. Ensure all areas are completed.
- Proceed to the accounts receivable information section. Here, you will fill out the original/base contract amount and any Teamwrkx approved change orders up to the current date. Calculate the total revised contract amount accordingly.
- Indicate the total work completed or stored to date as a percentage and the corresponding dollar amount.
- Subtract any previously billed gross amount from the total work completed to determine the total gross amount due for the period.
- Next, calculate the retention amount, which is typically 10% of the total gross amount due, and subtract this from the total gross amount to determine the net amount for the period.
- If applicable, apply any early payment discounts based on the payment submission date, and ensure that this amount is recorded.
- After all fields are correctly completed, review the information for accuracy. Save the changes, download, print, or share the completed form as necessary.
Complete your documents online today for a streamlined payment process.
An application for payment refers to a request for interim payment, or complete payment, by a contractor or a subcontractor in the construction industry.
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