Cost Estimate Continuation Sheet
What is this form?
The Cost Estimate Continuation Sheet is a document used to provide detailed approximations of project costs based on available information and experience. Unlike initial estimates, this form allows for the inclusion of additional details when some facts remain unclear, making it essential for budgeting and project planning in various construction and development contexts.
Key components of this form
- Project Number and Date: Identification details specific to the project.
- Declaration Number: A reference for tracking and documentation purposes.
- Project Type: Specifies the nature of the project.
- Estimate Type: Clarifies whether the estimate is preliminary or final.
- Applicant Information: Details about the individual or organization submitting the estimate.
- Cost Breakdown: A section to list specific items with quantities, prices, and total costs.
- Prepared and Reviewed By: Signature lines for accountability and verification.
Common use cases
This form is particularly useful when undertaking construction projects where initial estimates need to be supplemented with further details. Situations such as change orders, project scope adjustments, or when further information becomes available after the initial cost assessment are ideal for utilizing the Cost Estimate Continuation Sheet. It ensures that all stakeholders have a clearer understanding of the financial commitments involved.
Who needs this form
- Contractors or builders managing construction projects.
- Project managers responsible for cost estimation and budgeting.
- Property developers needing to provide detailed financial documents.
- Clients or stakeholders requiring updates on project cost estimates.
Completing this form step by step
- Start by entering the project number and date at the top of the form.
- Fill out the declaration number and project type based on the specifics of your project.
- Provide the estimate type, indicating whether this is a preliminary or final estimate.
- Insert your name as the applicant, along with the project location.
- List all project costs in the breakdown section, including quantities, unit prices, and total costs for each item.
- Sign and date the form where indicated as prepared by and reviewed by the responsible parties.
Notarization guidance
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Neglecting to fill in all relevant fields, which could lead to inaccuracies.
- Forgetting to update the form with new information as it becomes available.
- Failure to have the form reviewed or signed by the necessary parties.
Advantages of online completion
- Convenience of downloading and filling out the form at your own pace.
- Editability to make necessary adjustments without starting from scratch.
- Access to reliable templates drafted by licensed attorneys, ensuring legal compliance.
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FAQ
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.
Noun. (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.
What it is. 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.
Contract Sum to Date: Calculate the sum or difference between line 1 and line 2 to get the total amount paid as of the pay app date. Total Completed and Stored to Date: This is the amount billed for all the work completed up to date, along with the value of materials currently being stored on-site.
What are Continuation Sheets? The traditional role of continuation paper is as additional pages to a letter where it may be unnecessary to repeat the full details carried on the letterhead.
