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<br />Copyright 2002 AlA <br /> <br />MASTERSPEC <br /> <br />11/02 <br /> <br />9. Each item in the Schedule of Values and Applications for Payment shall be complete. <br />Include total cost and proportionate share of general overhead and profit for each item. <br /> <br />a. Temporary facilities and other major cost items that are not direct cost of actual <br />work-in-p1ace may be shown either as separate line items in the Schedule of <br />Values or distributed as general overhead expense, at Contractor's option. <br /> <br />10. Schedule Updating: Update and resubmit the Schedule of Values before the next <br />Applications for Payment when Change Orders or Construction Change Directives result <br />in a change in the Contract Sum. <br /> <br />1.5 APPLICATIONS FOR PAYMENT <br /> <br />A. Each Application for Payment shall be consistent with previous applications and payments as <br />certified by Architect and Construction Manager and paid for by Owner. <br /> <br />1. Initial Application for Payment, Application for Payment at time of Substantial <br />Completion, and final Application for Payment involve additional requirements. <br /> <br />B. Payment Application Times: The date for each progress payment is indicated in the Agreement <br />between Owner and Contractor. The period of construction Work covered by each Application <br />for Payment is the period indicated in the Agreement. <br /> <br />C. Payment Application Times: Progress payments shall be submitted to Architect. The period <br />covered by each Application for Payment is one month, ending on the last day of the month. <br /> <br />D. Payment Application Forms: Use AlA Document G702 and AlA Document G703 Continuation <br />Sheets as form for Applications for Payment. <br /> <br />E. Payment Application Forms: Use forms provided by Owner for Applications for Payment. <br />Sample copies are included at end of this Section. <br /> <br />F. Application Preparation: Complete every entry on form. Notarize and execute by a person <br />authorized to sign legal documents on behalf of Contractor. Architect will return incomplete <br />applications without action. <br /> <br />1. Entries shall match data on the Schedule of Values and Contractor's Construction <br />Schedule. Use updated schedules if revisions were made. <br />2. Include amounts of Change Orders and Construction Change Directives issued before last <br />day of construction period covered by application. <br /> <br />G. Transmittal: Submit 3 signed and notarized original copies of each Application for Payment to <br />Construction Manager by a method ensuring receipt within 24 hours. One copy shall include <br />waivers of lien and similar attachments if required. <br /> <br />1. Transmit each copy with a transmittal form listing attachments and recording appropriate <br />information about application. <br /> <br />PAYMENT PROCEDURES <br /> <br />01290 - 3 <br />