Application for payment

Follow

Brendan Clifford

December 11, 2022 21:09

Any helpful information on looking at application for payment?

 

How do you find how retainage for each pay app?

0

• 

  Rebekka O'Melia December 14, 2022 17:20

  Hi Brendan,

  Look it up in AHPP.  

  The contractor submits an application for payment each month.  The retainage is approximately 10% of the total construction cost.  10% is withheld from each payment.  The contractor gets the full amount after substantial completion.  We have to keep good records.

  Hope this helps!

  Rebekka O'Melia, Registered Architect, NCARB, NOMA, B. Arch, M. Ed, Step UP ARE 5.0 Courses

  0

  Comment actions Permalink
• 

  Colin Bost December 26, 2022 01:18

  The AIA G702 is the application for payment, which becomes the certificate for payment once signed by the architect. You can see a free sample on the AIA website here.

  On the G702, item 5 leaves space to specify the retainage. Different spaces are left to specify the retainage as a percent of the cost of the completed work as well as a cost of the stored materials that have been purchased and received by the contractor, but not yet integrated into the construction.

  0

  Comment actions Permalink

Please sign in to leave a comment.