PayApp
Plain-language explainers for the parts of billing a GC that trip up most people the first time - retainage, schedule of values, change orders, and the G702/G703 forms themselves.
A line-by-line walkthrough of the Application and Certificate for Payment and its Continuation Sheet, for anyone submitting one for the first time.
Why GCs hold back a percentage of every payment, typical rates, and how to calculate it correctly period over period.
How to break your contract into line items that make your monthly pay application easy instead of a spreadsheet nightmare.
How an approved change order changes your contract sum, your SOV, and the numbers on your next G702/G703.
The monthly billing cycle for subcontractors - what to submit, when, and how to avoid payment delays.