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 ...