3.4.2 Contractors Application for Payment

POLICY: (External) Contractors Application for Payment

PURPOSE: To provide the Owner with a concise and consistent billing.

RESPONSIBILITY: Project Manager

PROCEDURE:

1. The contract is to be reviewed to determine when billings are to be submitted. Typical Owner billing is due by the 25th of each month.

2. The Schedule of Values (SOV) should be generated and approved prior to execution of the Owner contract.

3. If possible, the monthly Owner/Architect/Owner meeting should be scheduled for when the billing is due. Therefore, the billing and job progress can be reviewed at that time.

4. Billing shall be generated via Procore. See below for tutorial.

Creating an Owner Invoice