Get the free CAP Form G701 - Office of Management and Enterprise Services
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Proposal Bond Office of Management & Enterprise Services Capital Assets Management Department of Real Estate Services Construction and Properties Any singular reference to Contractor, Surety, Owner
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How to fill out cap form g701
How to fill out cap form g701
01
To fill out the CAP Form G701, follow these steps:
1. Begin by entering the project name and date at the top of the form.
02
Provide the name and address of the Contractor and the name and address of the Architect/Engineer.
03
Specify the project location.
04
Include the Contract number and date.
05
Fill in the details of the previous month's work and its value under the 'Original Contract Sum' column.
06
Enter any additions or deductions to the contract sum for the current month under the 'Change Order' column.
07
Add or subtract the values from step 6 to the value of the previous month's work and enter the result under the 'Net Change by Change Orders' column.
08
Compute the current contract sum by adding or subtracting the value of the previous month's work from the 'Net Change by Change Orders'.
09
Provide details of retainage withheld.
10
Include the total earned and retained amounts.
11
The Contractor, Architect/Engineer, and Owner should sign and date the form to verify its accuracy.
Who needs cap form g701?
01
CAP Form G701 is typically needed by the Contractor, Architect/Engineer, and the Owner involved in a construction project.
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What is cap form g701?
Cap form g701 is a document used in the construction industry to request changes to a construction contract.
Who is required to file cap form g701?
Contractors, subcontractors, and other parties involved in a construction project are required to file cap form g701.
How to fill out cap form g701?
Cap form g701 should be filled out with details of the requested changes to the construction contract, including reasons for the changes and any additional costs or time extensions that may be required.
What is the purpose of cap form g701?
The purpose of cap form g701 is to document and formalize any changes to a construction contract in order to avoid disputes and ensure that all parties are in agreement.
What information must be reported on cap form g701?
Cap form g701 must include details of the requested changes, reasons for the changes, any additional costs or time extensions, and signatures of all relevant parties.
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