Get the free TIMBER FRAME INTERIM RELEASE FORM - buildstore.co.uk

BUILDSTOREMORTGAGE SERVICESTIMBER FRAME INTERIM RELEASE FORM All fields to be completed by the Mortgage Applicant Lender/Lender Account Number Client Name(s) Please confirm current address and postal code

How to fill out timber frame interim release

How to fill out timber frame interim release

1. To fill out a timber frame interim release, follow these steps:
2. Begin by entering the name of the timber frame company or contractor at the top of the form.
3. Provide the project details, such as the address or location where the timber frame construction is taking place.
4. Indicate the date of the interim release, which is the date when the work progress is being reviewed.
5. Include a detailed description of the work that has been completed up to this point.
6. Specify any outstanding work or tasks that still need to be completed.
7. Calculate and enter the total value of the work completed so far.
8. Deduct any retentions or holdbacks that may be applicable as per the contract.
9. Calculate the net amount payable by subtracting the retentions from the total value of work completed.
10. Include the name and signature of the person filling out the interim release, along with their job title.
11. Finally, provide space for the signature and date of the authorized representative who is approving the release.
12. Please note that this is a general guideline and specific requirements may vary depending on your jurisdiction or project specifications.

Who needs timber frame interim release?

1. The timber frame interim release is typically required in construction projects where timber framing is being used as a structural element.
2. It is needed by various parties involved in the project, including:
3. - Timber frame contractors or companies
4. - General contractors overseeing the construction
5. - Architects or engineers involved in the design
6. - Project owners or clients
7. The interim release serves as a documentation of the work progress and allows for the release of payments for completed portions of the timber frame construction.
8. It helps protect the interests of both the contractors and the clients by ensuring transparency and accountability in the payment process.
9. Additionally, the interim release may be required by financial institutions or lenders who are financing the project to track the progress and release funds accordingly.

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