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ST. BARBARA CATHOLIC SCHOOL TASK 2 75-24272-01 <br />DIOCESE OF ORANGE SEPTEMBER 12TH, 2024 <br />SANTA ANA, CA BID & PERMIT SET <br /> <br />PAYMENT PROCEDURES 012900 - 2 <br />c. Name of subcontractor. <br />d. Name of manufacturer or fabricator. <br />e. Name of supplier. <br />f. Change Orders (numbers) that affect value. <br />g. Dollar value of the following, as a percentage of the Contract Sum to nearest one- <br />hundredth percent, adjusted to total 100 percent. Round dollar amounts to whole <br />dollars, with total equal to Contract Sum. <br />1) Labor. <br />2) Materials. <br />3) Equipment. <br />3. Provide a breakdown of the Contract Sum in enough detail to facilitate continued <br />evaluation of Applications for Payment and progress reports. Provide multiple line items <br />for principal subcontract amounts in excess of five percent of the Contract Sum. <br />4. Provide a separate line item in the schedule of values for each part of the Work where <br />Applications for Payment may include materials or equipment purchased or fabricated <br />and stored, but not yet installed. <br />a. Differentiate between items stored on-site and items stored off-site. <br />5. Overhead Costs: Include total cost and proportionate share of general overhead and profit <br />for each line item. <br />6. Closeout Costs. Include separate line items under Contractor and principal subcontracts <br />for Project closeout requirements in an amount totaling five percent of the Contract Sum <br />and subcontract amount. <br />7. Schedule of Values Revisions: Revise the schedule of values when Change Orders or <br />Construction Change Directives result in a change in the Contract Sum. Include at least <br />one separate line item for each Change Order and Construction Change Directive. <br />1.5 APPLICATIONS FOR PAYMENT <br />A. Each Application for Payment following the initial Application for Payment shall be consistent <br />with previous applications and payments as certified by Architect and paid for by Owner. <br />B. Payment Application Times: The date for each progress payment is indicated in the Agreement <br />between Owner and Contractor. The period of construction work covered by each Application <br />for Payment is the period indicated in the Agreement. <br />C. Application Preparation: Complete every entry on form. Notarize and execute by a person <br />authorized to sign legal documents on behalf of Contractor. Architect will return incomplete <br />applications without action. <br />1. Entries shall match data on the schedule of values and Contractor's construction schedule. <br />Use updated schedules if revisions were made. <br />2. Include amounts for work completed following previous Application for Payment, <br />whether or not payment has been received. Include only amounts for work completed at <br />time of Application for Payment.