Laserfiche WebLink
<br />Copyright 2002 AlA <br /> <br />MASTERSPEC <br /> <br />11/02 <br /> <br />SECTION 01290 - PAYMENT PROCEDURES <br /> <br />PART 1 - GENERAL <br /> <br />1.1 RELATED DOCUMENTS <br /> <br />A. Drawings and general provisions of the Contract, including General and Supplementary <br />Conditions and other Division 1 Specification Sections, apply to this Section. <br /> <br />1.2 SUMMARY <br /> <br />A. This Section specifies administrative and procedural requirements necessary to prepare and <br />process Applications for Payment <br /> <br />B. Related Sections include the following: <br /> <br />1. Division 1 Section "Allowances" for procedural requirements governing handling and <br />processing of allowances. <br />2. Division 1 Section "Contract Modification Procedures" for administrative procedures for <br />handling changes to the Contract <br />3. Division 1 Section "Unit Prices" for administrative requirements governing use of unit <br />pnces. <br />4. Division 1 Section "Construction Progress Documentation" for administrative <br />requirements governing preparation and submittal of Contractor's Construction Schedule <br />and Submittals Schedule. <br /> <br />1.3 DEFINITIONS <br /> <br />A. Schedule of Values: A statement furnished by Contractor allocating portions of the Contract <br />Sum to various portions of the Work and used as the basis for reviewing Contractor's <br />Applications for Payment <br /> <br />1.4 SCHEDULE OF VALVES <br /> <br />A. Coordination: Coordinate preparation of the Schedule of Values with preparation of <br />Contractor's Construction Schedule. Cost-loaded CPM Schedule may serve to satisfy <br />requirements for the Schedule of Values. <br /> <br />1. Correlate line items in the Schedule of Values with other required administrative forms <br />and schedules, including the following: <br /> <br />a. Application for Payment forms with Continuation Sheets. <br />b. Submittals Schedule. <br />c. Contractor's Construction Schedule. <br /> <br />PAYMENT PROCEDURES <br /> <br />01290 - 1 <br />