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DSS Skills Development Center Smith Sinnett / 2020045 <br />Chapel Hill, North Carolina Orange County <br /> <br />PAYMENT PROCEDURES 01 29 00 - 1 <br />SECTION 01 29 00 - PAYMENT PROCEDURES <br />PART 1 - GENERAL <br />1.1 RELATED DOCUMENTS <br />A. Drawings and general provisions of the Contract, including General and Supplementary Conditions and <br />other Division 01 Specification Sections, apply to this Section. <br />1.2 SUMMARY <br />A. This Section specifies administrative and procedural requirements necessary to prepare and process <br />Applications for Payment. <br />B. Related Sections include the following: <br />1. Division 01 Section "Allowances" for procedural requirements governing handling and processing <br />of allowances. <br />2. Division 01 Section "Contract Modification Procedures" for administrative procedures for <br />handling changes to the Contract. <br />1.3 DEFINITIONS <br />A. Schedule of Values: A statement furnished by Contractor allocating portions of the Contract Sum to <br />various portions of the Work and used as the basis for reviewing Contractor's Applications for Payment. <br />1.4 SCHEDULE OF VALUES <br />A. Coordination: Coordinate preparation of the Schedule of Values with preparation of Contractor's <br />Construction Schedule. <br />1. Correlate line items in the Schedule of Values with other required administrative forms and <br />schedules, including the following: <br />a. Application for Payment forms with Continuation Sheets. <br />b. Submittals Schedule. <br />c. Contractor's Construction Schedule. <br />d. List of Subcontractors. <br />e. Schedule of Allowances <br />f. Schedule of Alternates. <br />g. List of Products. <br />h. List of Principal Suppliers and Fabricators. <br />2. Submit the Schedule of Values to Architect at earliest possible date but no later than (7) seven <br />days before the date scheduled for submittal of initial Applications for Payment. <br />3. Subschedules: Where the Work is separated into phases requiring separately phased payments, <br />provide subschedules showing values correlated with each phase of payment. <br />B. Format and Content: Use the Project Manual table of contents as a guide to establish line items for the <br />Schedule of Values. Provide at least one line item for each Specification Section. <br />1. Identification: Include the following Project identification on the Schedule of Values: <br />a. Project name and location. <br />b. Name of Architect. <br />DocuSign Envelope ID: ECCAC5A0-6CC8-4B37-8AD3-89D69F0AE1AE