Accounting Format. Applications for Payment shall be broken down by CSI Category and, in certain situations, by CSI Description and capital asset category, as set forth in the form for Application for Payment. The purpose is to provide appropriate backup documents for the Contractor’s Final Certification of Costs in conformance with GASB 34 accounting standards. See Section 7 – Forms, “Application for Payment” and Final Certification of Costs.
Accounting Format. Cost breakdowns for Change Orders shall comply with the General Requirements.
Accounting Format. Applications for Payment (sometimes referred to as "Periodical Estimates") shall comply with the General Conditions.
Accounting Format. Applications for Payment shall comply with the General Requirements.
Accounting Format. A detailed record of activity and current status will be included in each monthly application for payment. The accounting format must be acceptable to the Owner and shall include for each Trade Contract line item such items as are given in the original Guaranteed Maximum Price estimate, authorized changes by Guaranteed Maximum Price Change Order, actual Contract Amount awarded, funds expended to date, and funds anticipated to be expended. The exact nature of this format will be developed by the Construction Manager and the Professional. The General Conditions line-item, as well as the CM Staff Costs line-item, shall be handled as Reimbursable, not-to-exceed amounts. All backup/substantiation of costs shall be included in each monthly Application for Payment.
