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9/2/2020 <br /> <br /> 012900 - 3 <br />1.5 APPLICATIONS FOR PAYMENT <br />A. Each Application for Payment following the initial Application for Payment shall be consistent <br />with previous applications and payments as certified by Architect and paid for by Owner. <br />1. Initial Application for Payment, Application for Payment at time of Substantial <br />Completion, and final Application for Payment involve additional requirements. <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 for <br />Payment is the period indicated in the Agreement. <br />C. Application for Payment Forms: Use AIA Document G702 and AIA Document G703 as form for <br />Applications for Payment. <br />D. 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 />1. Entries shall match data on the schedule of values and Contractor's construction schedule. <br />Use updated schedules if revisions were made. <br />2. Include amounts for work completed following previous Application for Payment, whether <br />or not payment has been received. Include only amounts for work completed at time of <br />Application for Payment. <br />3. Include amounts of Change Orders and Construction Change Directives issued before last <br />day of construction period covered by application. <br />E. Stored Materials: Include in Application for Payment amounts applied for materials or equipment <br />purchased or fabricated and stored, but not yet installed. Differentiate between items stored on- <br />site and items stored off-site. <br />1. Provide certificate of insurance, evidence of transfer of title to Owner, and consent of surety <br />to payment, for stored materials. <br />2. Provide supporting documentation that verifies amount requested, such as paid invoices. <br />Match amount requested with amounts indicated on documentation; do not include <br />overhead and profit on stored materials. <br />3. Provide summary documentation for stored materials indicating the following: <br />a. Value of materials previously stored and remaining stored as of date of previous <br />Applications for Payment. <br />b. Value of previously stored materials put in place after date of previous Application <br />for Payment and on or before date of current Application for Payment. <br />c. Value of materials stored since date of previous Application for Payment and <br />remaining stored as of date of current Application for Payment. <br />F. Transmittal: Submit signed and notarized copies of each Application for Payment to Architect by <br />a method ensuring receipt within 24 hours. One copy shall include waivers of lien and similar <br />attachments if required. <br />1. Transmit each copy with a transmittal form listing attachments and recording appropriate <br />information about application. <br />DocuSign Envelope ID: 7D9ACD4F-8F6C-42B6-9ADB-C60032DB6D03