By using the AIA G700-series documents, or similar documents, to properly record the contractor’s schedule of values, provide site observation to verify validity of contractor’s applications for payment, and to ensure that consent of the bond surety is secured prior to the release of any retainage or final payment to the contractor, as well as [...]
Posts Tagged Payment
CPA Contract requirements
Dec 21
MUST HAVE a signed contract before starting work (unless client knowingly states in writing that work may be commenced before the contract is executed) Necessary Elements of a contract* 1. Description of services to be provided by arch to client 2. Basis of compensation & method of payment 3. Info: Name, address, lic. # of [...]