Get the free Subcontractors Application for Payment - Slatter

126 Fern Street Santa Cruz, CA 95060 PH (831) 4255425 FX (831) 4251406 Subcontractors Application for Payment *DUE BY THE 25TH OF EACH MONTH* Purchase Order Number (Account Code): Or, Contract Number

How to fill out subcontractors application for payment

How to fill out a subcontractor's application for payment?

1. Gather all necessary information and documentation, including a detailed breakdown of the work completed, hours worked, materials used, and any additional expenses incurred.
2. Fill out the header section of the application, providing your business name, address, contact information, and the project details, such as the name of the general contractor and project location.
3. Include the payment period for which you are submitting the application. This is usually a specific timeframe, such as a month or a billing cycle.
4. Enter the total contract amount and any retainage or contingency amounts that may apply.
5. Detail the completed work, using as much specificity as possible. Include the date of each completed task or milestone, a description of the work performed, the associated quantity or unit of measurement, and the corresponding value or cost.
6. Calculate the total value of the completed work by multiplying the quantity or unit of measurement by the corresponding value or cost for each task or milestone.
7. Deduct any previous payments received and any retainage or contingency amounts from the total value of the completed work to arrive at the total amount due.
8. Add any additional expenses incurred that are eligible for reimbursement, such as approved change orders, materials, or equipment rentals. Calculate the total of these expenses and add it to the total amount due.
9. Include a brief summary or narrative explaining any discrepancies or issues that may affect the payment, such as delays, change orders, or unresolved disputes.
10. Sign and date the application.
11. Submit the completed application to the appropriate party, usually the general contractor or the project owner, as specified in your subcontract agreement.

Who needs a subcontractor's application for payment?

1. General contractors who need to document and verify the work performed by subcontractors on a construction project.
2. Subcontractors who want to request payment for their completed work and any eligible expenses.
3. Project owners who require proper documentation for payment approval and accounting purposes.
4. Government agencies or institutions that oversee and regulate construction projects, and require appropriate payment documentation for compliance and auditing purposes.

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