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ALTERNATIVE PAYMENT AND PROGRESS REPORTING METHODS Task # 2 Prepared for Construction Management Expert Technical Group Steven DeWitt North Carolina DOT Gerald Yakowenko Fathoms Bohuslav Texas DOT
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What is alternative payment and progress?
Alternative payment and progress is a method of payment and reporting used by certain entities who have not completed or made sufficient progress under a construction contract.
Who is required to file alternative payment and progress?
Entities who have not completed or made sufficient progress under a construction contract may be required to file alternative payment and progress.
How to fill out alternative payment and progress?
To fill out alternative payment and progress, the entity must provide information and documentation regarding their progress, costs, and any deviations from the original contract.
What is the purpose of alternative payment and progress?
The purpose of alternative payment and progress is to ensure transparency and accountability in construction projects by monitoring the progress and costs of entities who have not fulfilled their contractual obligations.
What information must be reported on alternative payment and progress?
Entities filing alternative payment and progress must report on their progress, costs, any deviations from the original contract, and provide relevant supporting documentation.
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