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Pay Applications Questions
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Pay Applications
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I am a general contractor and have a dispute with ownership about cost/split savings at the end of a project, are those amounts able to be liened? Same
question goes for retainage.
Coloradoquestion goes for retainage.
Recently our company received this email from a GNG contractor who hired us to work on Del Taco projects, but has not paid invoices since January 4, 2020:
"We have compiled and reviewed all remaining outstanding invoices from Total Services, LLC. and are ready to issue payments. However, we still...Read More
Georgia"We have compiled and reviewed all remaining outstanding invoices from Total Services, LLC. and are ready to issue payments. However, we still...Read More
How long does it typically take for a pay application to be processed by the owner, then for payment to be delivered back to the contractor? I am working on
a project for class and my specs do not specify a pay application return period. What is the industry standard for a project of $2.5M?
Georgiaa project for class and my specs do not specify a pay application return period. What is the industry standard for a project of $2.5M?
Good morning, with the current COVID 19 stay at home order in VA and MD, my GC is asking if the owner can accept a pay application without it being
notarized. Stating they will send a notarized copy when allowed to return to their offices. What risk does the owner expose himself to by agreeing to this?
Virginianotarized. Stating they will send a notarized copy when allowed to return to their offices. What risk does the owner expose himself to by agreeing to this?
I have a Lien Waiver that releases my rights. However, on the ROL it is marked as an Interim and not a final Waiver. The company that owes us also has not
sent us an addition change order on the job and I was wanting to know if once I sign the ROL would it waive all our rights?
Texassent us an addition change order on the job and I was wanting to know if once I sign the ROL would it waive all our rights?
Hi, I'm working on projects in Georgia where customers require conditional waivers to be signed on progress billings. The GA waivers states that after 60 days
of signing we are considered to be paid unless we send an affidavit of nonpayment or file a mechanics lien. So on every progress billing/invoice t...Read More
Georgiaof signing we are considered to be paid unless we send an affidavit of nonpayment or file a mechanics lien. So on every progress billing/invoice t...Read More
Can a builder take the final draw from the bank without the clients approval? Even though the client HAS NOT approved the final inspection and work is not
complete?
Wisconsincomplete?
We are general contractor. One of our subcontractors sold their receivables (invoice) to a financial services company. It looks like the subcontractor is really
suffering and may be filing for bankruptcy soon. However, the financial services company is trying to get collect on the receivable from us. They ...Read More
Californiasuffering and may be filing for bankruptcy soon. However, the financial services company is trying to get collect on the receivable from us. They ...Read More
I billed for a job back in November that is a Pay App. We have still not received this payment. I know November work is up for Liens this month, but if we
haven't billed 100% per our contracted amount will us filing a lien possibly cause a mess later down the road if we have Change Orders that are ...Read More
Texashaven't billed 100% per our contracted amount will us filing a lien possibly cause a mess later down the road if we have Change Orders that are ...Read More
Its stating that it is install but that is not true.
North CarolinaWhat should I get when the job is completed from the contractor who worked on my house
New Yorkwhat is the standard mobilization percentage? I have always used 10%
FloridaA general contractor contacted us to finish a job after a contractor was removed from the job. Our company was on site from 8/2019-10/2019. We received
payment one on 9/24 for august. We signed a conditional waiver for payment 2 on 12/20, for $25k. We received half of the 25 on 12/27. They are...Read More
Texaspayment one on 9/24 for august. We signed a conditional waiver for payment 2 on 12/20, for $25k. We received half of the 25 on 12/27. They are...Read More
Is contingency added to the contract sum on the G702/703?
TexasHow much does a typical construction draw inspection cost?
Colorado