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Gateway Park Center PERKINS+WILL <br /> 810495.000 <br /> 12/06/18 <br /> <br /> <br />PAYMENT PROCEDURES <br />01 29 00 - 1 <br /> <br /> <br />SECTION 01 29 00 - PAYMENT PROCEDURES <br />PART 1 - GENERAL <br />1.1 SUMMARY <br />A. Section includes administrative and procedural requirements necessary to prepare <br />and process Applications for Payment. <br />1.2 SCHEDULE OF VALUES <br />A. Coordination: Coordinate preparation of the schedule of values with preparation of <br />Contractor's construction schedule. <br />1. Coordinate line items in the schedule of values with items required to be <br />indicated as separate activities in Contractor's construction schedule. <br />2. Submit the schedule of values to Architect and Owner at earliest possible <br />date, but no later than ten (10) days before the date scheduled for submittal <br />of initial Applications for Payment. <br />B. Format and Content: Use Project Manual table of contents as a guide to establish <br />line items for the schedule of values. Provide at least one line item for each <br />Specification Section. <br />1. Arrange schedule of values consistent with format of AIA Document G703. <br />2. Provide a breakdown of the Contract Sum in enough detail to facilitate <br />continued evaluation of Applications for Payment and progress reports. <br />Provide multiple line items for principal subcontract amounts in excess of five <br />(5) percent of the Contract Sum. <br />3. Provide a separate line item in the schedule of values for each part of the <br />Work where Applications for Payment may include materials or equipment <br />purchased or fabricated and stored, but not yet installed. <br />a. Differentiate between items stored on-site and items stored off-site. <br />4. Allowances: Provide a separate line item in the schedule of values for each <br />allowance. Show line-item value of unit-cost allowances, as a product of the <br />unit cost, multiplied by measured quantity. Use information indicated in the <br />Contract Documents to determine quantities. <br />5. Overhead Costs: Show cost of temporary facilities and other major cost items <br />that are not direct cost of actual work-in-place as separate line items. <br />6. Closeout Costs. Include separate line items under Contractor and principal <br />subcontracts for Project closeout requirements . <br />7. Schedule of Values Revisions: Revise the schedule of values when Change <br />Orders or Construction Change Directives result in a change in the Contract <br />Sum. Include at least one separate line item for each Change Order and <br />Construction Change Directive.