Payment Application (GMP) - 291

This standard application payment form is to be used for construction projects that are cost of work, plus fee, with a guaranteed maximum price (GMP). This standard application for payment form facilitates the calculation and documentation of progress payments. The Constructor (aka builder, general contractor, design-bid-builder, construction manager) certifies that work performed and materials stored on the site represent the actual value of the builder’s performance. The Constructor certifies with a notarized signature that work performed represents actual value and payment has been made minus retention to Subcontractors and suppliers as well as compliance with all applicable laws. The application tracks approved Change Orders and retention as well as stored materials on site.