Change Orders
Pay App
Forms
E&Y
Compliance
100
The process / function when AIA G701 documents are used.
What is a Change Order?
100
A Continuation Sheet, breaking the contract sum into portions of work in accordance with a schedule of values.
What is the AIA G703 / Continuation Sheet?
100
The new acronym for MSD.
What is DSS?
100
The number of projects audited in 2009.
What is 30?
100
To financially protect BAC, this document must be included with every Pay App.
What is a notarized conditional lien waiver?
200
An internal form used by FP's to insure all required info is present, complete and accurate.
What is the Change Order Checklist?
200
This Pay App will always include the GC Project Reconciliation form.
What is the Final Pay App?
200
The preferred method for submitting Pay Apps to the bank.
What is Fax?
200
A way to avoid getting dinged during an audit for not having competitive bids.
What is an approved Bid Waiver?
200
Only at this point can the Retainage be released.
What is Final Pay App signed by A/E?
300
A new form that is now required with every Change Order.
What is the Change Order Log?
300
These 2 documents must be notarized in a Pay App submittal.
What are Lien Waivers and AIA G702?
300
The new form that the GC must submit with their pay application.
What is the Lien Waiver & Invoice Tracker
300
An attribute of an E&Y auditor.
What is relentless? (will accept obsessive)
300
It must have a separate line item even if its value is zero
What is Sales Tax?
400
This document is signed by AE & GC
What is the G701?
400
Two documents that must match line item by line item.
What are the Pay App SOV and the G703 SOV
400
The storage location for Project Management Forms
What is Flagscape?
400
The next scheduled E&Y audit.
What is sooner than you think?
400
The number of days until the Unconditional Lien Waivers (M4's) must be received after receipt of final payment.
What is 30 days?
500
This document defines the maximum profit that can be charged on a Change Order.
What is a Fee Schedule?
500
Its where the contractor shows the status of the contract sum to date, including the total dollar amount of the work completed and stored to date, the amount of retainage, the total of previous payments, a summary of change orders, and the amount of current payment requested.
What is the AIA G702 Application for Payment?
500
Although required by BAC for contracts >$25K, these may be requested / required by the PjM and / or RM on any value contract.
What is subcontractor's invoices?
500
Around 52% of projects.
What is the percentage of projects E&Y found to have used Bid Waivers in lieu of competitive bidding?
500
The common attribute of any Lien Waiver and AIA G702 document.
What is notarized?
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