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This document specifies the administrative and procedural requirements regarding the applications for payment by Prime Contractors, including stipulations related to the Schedule of Values and applications
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Applications for payment are documents used in the construction industry to request payment for work done or services provided.
Contractors, subcontractors, and suppliers who are part of a construction project are typically required to file applications for payment.
Applications for payment are usually filled out by providing details of the work completed, the corresponding costs, and any supporting documentation such as invoices or receipts.
The purpose of applications for payment is to request and receive payment for work performed or services rendered on a construction project.
Information such as the project name, payment period, description of work completed, quantities, unit prices, and total amounts is typically reported on applications for payment.
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