Design-Build Payment Application (Lump Sum) - 492

ConsensusDocs 492 is a standardized design-build application for payment form specifically developed for lump sum construction projects. This administrative tool is essential for ensuring accurate, consistent, and legally compliant processing of progress payments in design-build delivery methods where the project operates under a fixed-price contract.

Unlike cost-based contracts, lump sum agreements establish a predetermined total project cost. ConsensusDocs 492 is tailored to accommodate this pricing structure while maintaining transparency and accountability between the Design-Builder and the Owner.

This form allows the Design-Builder to formally request payment for completed portions of the project work. The Design-Builder certifies—via notarized signature—that all work billed to date has been performed in accordance with the contract documents, and that all subcontractors and suppliers have been paid appropriately, minus retention.

Key Features of ConsensusDocs 492:

• Designed for lump sum design-build projects
• Tracks progress payments, retention, and stored materials
• Documents and verifies approved change orders
• Requires certified notarization for payment authenticity
• Confirms payment compliance with contractual and legal standards

This form is especially useful in helping Owners and Design-Builders align on payment expectations and construction progress. It also reduces the risk of payment disputes, enhances financial transparency, and ensures that retention is properly managed throughout the construction process.

By using ConsensusDocs 492, stakeholders benefit from a reliable and industry-accepted structure for submitting and processing payments in lump sum design-build contracts, ultimately supporting smoother project execution and stronger contractual compliance.