Within 90 days after a claim of lien is recorded for labor, services, or materials for which the contractor has been paid, the corporate or LLC owner or contractor may record a notice of bond as specified in s. 713.23(2), together with a copy of the bond and a sworn statement of Certificate Of Payment To Contractor Form. 713.245 Conditional payment bond.
Construction Payment Form
Category:
State:
Florida
Control #:
FL-03213A
Format:
Word;
Rich Text
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How to fill out Construction Payment Form?
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FAQ
What does retainage mean in construction? Retainage is the holding back of a certain amount of money paid to contractors and subcontractors to ensure a project is completed and done well. This withholding typically ranges from 5% to 10% of the full project cost.
The contractor should fill in the percentage and multiply it by the value of work or materials, respectively. So let's look at a simplified example. Your contract calls for variable retainage: 10% for labor and 5% for materials. The contract price is $100,000 and you've completed 25% of the project.
A payment schedule should contain all of the information you need to plan out anticipated and actual payments:The name of the contractor or vendor.Description of the work or materials.Amount of the payment due.Due date for the payment.Actual amount paid.Actual payment date.Payment method.Notes.
The contractor should fill in the percentage and multiply it by the value of work or materials, respectively. So let's look at a simplified example. Your contract calls for variable retainage: 10% for labor and 5% for materials. The contract price is $100,000 and you've completed 25% of the project.
How payment applications are used in construction. At its core, a pay application is a detailed construction invoice, with a number of supporting attachments. The document, or group of documents, provides information about the progress of a contract, and requests payment for the work completed.
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They are now one of 24 chartered youth councils in North Carolina. Construction Payment Forms.The following is a complete list of forms that are required in every construction payment package submitted to the Parks Department. The following documents must be completed and submitted to MCDOT for construction contract closeout (Final Payment).