Sheet 1 Subcontractor Billing Procedure Subcontractor Billing Procedure XL CONSTRUCTION To be paid in a timely manner, please follow this procedure carefully Payment Terms Each month you perform work 1 Upon approval of your monthly invoice as outlined in the contract documents, Exhibit B 12, payment will be made to Subcontractor within 7 days after XL Construction receives payment from the Owner Progress Billings Each month you perform work 1 Update the Subcontractor Invoice and Release Form located on separate tabs in this Excel workbook 2 When submitting your invoice for payment, also submit a Schedule of Values (SOV tab) ...
PAYMENT REQUEST FORM Bill only for work completed and material on site through the billing date We must have received your signed contract We must have current insurance certificates When billing 95% or more your closeout documents must be submitted Project Request # or Invoice # Code Month Ending Work Description Step #1 Summary of Contract 1 Original Contract Amount $ 2 Approved Change Orders, please list 3 Adjusted Contract Amount $ 000 Step #2 Progress Billing JobToDate This Application 4 Work completed to date % 5 Less amount retained 5% 000 000 6 Total work less retention 000 000 ...
Sheet 1 Instrctn Revised Procedure for Submitting Copies of Contract Billings – 1220 HELPFUL HINTS 1 Sign signature in BLUE ink on the original copy to distinguish from the rest of the copies Per auditor's instructions, the first copy must have an original signature Copies have been returned when they felt that the original couldn'tt be distinguished from the copies 2 Use a clip rather than staple to keep copies together in lieu of stapleing them 3 CHECK RED NOTCH AT CORNER OF CELLS FOR HELPFUL HINTS The order of the sheets should also be noted ...
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