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  • Billings Requirements

    Загружено:

    Juniel Balza
    8 просмотров7 страниц
    This document outlines the billing and documentation requirements for All Value Technical Group projects. It discusses typical down payments of 30% with 10% retention, and requirements for progress billings, final progress billings, retention release, and additional/change order billings. Documentation must include billing statements, cost breakdown summaries, pictures, signed punchlists, as-built plans, and more depending on the billing type. Failure to provide all documents can result in a reduced payment amount.

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    BILLINGS REQUIREMENTS.pptx

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    This document outlines the billing and documentation requirements for All Value Technical Group projects. It discusses typical down payments of 30% with 10% retention, and requirements for progress billings, final progress billings, retention release, and additional/change order billings. Documentation must include billing statements, cost breakdown summaries, pictures, signed punchlists, as-built plans, and more depending on the billing type. Failure to provide all documents can result in a reduced payment amount.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    8 просмотров7 страниц

    Billings Requirements

    Загружено:

    Juniel Balza
    This document outlines the billing and documentation requirements for All Value Technical Group projects. It discusses typical down payments of 30% with 10% retention, and requirements for progress billings, final progress billings, retention release, and additional/change order billings. Documentation must include billing statements, cost breakdown summaries, pictures, signed punchlists, as-built plans, and more depending on the billing type. Failure to provide all documents can result in a reduced payment amount.

    Авторское право:

    © All Rights Reserved
    Скачайте в формате PPTX, PDF, TXT или читайте онлайн в Scribd
    Отметить как неприемлемый контент
    из 7

    BILLINGS AND REQUIREMENTS

    ALL VALUE TECHNICAL GROUP


    CONTENTS
    • DP/CONTRACT
    • PROGRESS BILLING
    • FINAL PROGRESS BILLING
    • RETENTION
    • ADDITIONALS/CHANGE ORDER
    DP/CONTRACT
    • TYPICAL DOWN PAYMENT FOR ALL VALUE
    PROJECT CONTRACTS ARE AT 30%, WITH 10%
    RETENTION.
    • CONTRACT PREPARATION WILL BE C/O THE
    DESIGNATED PURCHASING.
    PROGRESS BILLING
    • FORWARD TO PRODUCTION
    • REQUIREMENTS
    – GROSS BILLING STATEMENT
    – BILLING COST BREAKDOWN SUMMARY
    – ATTACHED PICTURES
    FINAL PROGRESS BILLING
    • FORWARD TO PRODUCTION
    • REQUIREMENTS
    – GROSS BILLING STATEMENT
    – BILLING COST BREAKDOWN SUMMARY
    – APPROVED & SIGNED COPY OF ISSUED PUNCHLIST
    – AS-BUILT PLANS, BOQ, AND SIGNED TEST RESULTS (1 SET
    ORIGINAL AND 9 SETS BLUE PRINT HARD COPY + E-FILE )
    – CERTIFICATE OF COMPLETION
    – WARRANTY CERTIFICATE
    – ATTACHED PICTURES
    FAILURE TO ISSUE SIGNED PUNCHLIST AND AS-BUILT PLAN WILL RESULT TO 90% COMPLETION ON THE PROGRESS
    BILLING ONLY.
    RETENTION
    • FORWARD TO PRODUCTION
    • REQUIREMENTS
    – APPROVED “REQUEST FOR RETENTION RELEASE”
    ADDITIONALS/CHANGE ORDER
    • REQUIREMENTS
    – GROSS BILLING STATEMENT
    – BILLING COST BREAKDOWN
    – SITE INSTRUCTION(OSI) AND/OR VERBAL
    INSTRUCTION(CVI) ISSUED BY DEVELOPER OR
    CONFIRMATION OF VERBAL INSTRUCTION SIGNED
    BY DEVELOPER
    – ATTACHED PICTURES
    ADDITIONALS/CHAGE ORDER BILLINGS ARE SUBJECT FOR ASSESSMENT AND NEGOTIATION.

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