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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 - 2 <br />c. Architect's project number. <br />d. Contractor's name and address. <br />e. Date of submittal. <br />2. Submit draft of AIA Document G703 Continuation Sheets. Arrange the Schedule of Values in <br />tabular form with separate columns to indicate the following for each item listed: <br />a. Related Specification Section or Division. <br />b. Description of the Work. <br />c. Name of subcontractor. <br />d. Name of manufacturer or fabricator. <br />e. Name of supplier. <br />f. Change Orders (numbers) that affect value. <br />g. Dollar value. <br />1) Percentage of the Contract Sum to nearest one-hundredth percent, adjusted to total <br />100 percent. <br />3. Provide a breakdown of the Contract Sum in enough detail to facilitate continued evaluation of <br />Applications for Payment and progress reports. Coordinate with the Project Manual table of <br />contents. Provide several line items for principal subcontract amounts, where <br />appropriate. Include separate line items under required principal subcontracts for operation <br />and maintenance manuals, punch list activities, Project Record Documents, and <br />demonstration and training in the amount of 5 percent of the Contract Sum. <br />4. Round amounts to nearest whole dollar; total shall equal the Contract Sum. <br />5. Provide a separate line item in the Schedule of Values for each part of the Work where <br />Applications for Payment may include materials or equipment purchased or fabricated and stored, <br />but not yet installed. <br />a. Differentiate between items stored on-site and items stored off-site. DO NOT bill for off- <br />site stored materials. <br />6. Provide separate line items in the Schedule of Values for initial cost of materials, for each <br />subsequent stage of completion, and for total installed value of that part of the Work. <br />7. Allowances: Provide a separate line item in the Schedule of Values for each allowance. Show <br />line-item value of unit-cost allowances, as a product of the unit cost, multiplied by measured <br />quantity. Use information indicated in the Contract Documents to determine quantities. <br />8. Each item in the Schedule of Values and Applications for Payment shall be complete. Include <br />total cost and proportionate share of general overhead and profit for each item. <br />a. Temporary facilities and other major cost items that are not direct cost of actual work-in- <br />place may be shown either as separate line items in the Schedule of Values or distributed as <br />general overhead expense, at Contractor's option. <br />9. Schedule Updating: Update and resubmit the Schedule of Values before the next Applications for <br />Payment when Change Orders or Construction Change Directives result in a change in the <br />Contract Sum. <br />10. Shop Drawings and Mobilization- Applications for payment shall not include preparation of shop <br />drawings or mobilization. These items shall be included as part of work-in-place. <br />11. General Conditions: Applications for Payment for General Conditions shall be paid for in <br />proportion to the amount of work completed. <br />12. Bonds and Insurance: Applications for Bonds and Insurance shall be accompanied with invoices <br />from the Bond and Insurance provider. <br />1.5 APPLICATIONS FOR PAYMENT <br />A. Each Application for Payment shall be consistent with previous applications and payments as certified by <br />Architect and paid for by Owner. <br />1. Initial Application for Payment, Application for Payment at time of Substantial Completion, and <br />final Application for Payment involve additional requirements. <br />DocuSign Envelope ID: ECCAC5A0-6CC8-4B37-8AD3-89D69F0AE1AE