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Pay Application Reviews ensure that all contractors and the project team are accurately paid.
Boyken verifies the contractors’ invoices to ensure they are billing the proper amount for their current progress. Each firm holding a prime contract with the Owner and submitting an application for payment will have an individual meeting with the Boyken Project Manager.
Monthly application for payment review meetings are held three or four days before the pay application due date. Contractors, A/E, and Client Representatives should attend these meetings on-site to review a draft of the application for payment. This greatly expedites the processing of the official pay application. Prompt payment of the monthly application for payment is strong incentive for good performance by the contractor.
Boyken conducts an individual meeting with each contractor, making sure the work in place matches the requested payments. The contractor submits a “pencil draft” of the Payment Application. The Boyken Project Manager reviews every line item with the contractor. The Boyken Project Manager then submits the final application for each contractor and reviews and recommends approval of pay request applications to the Client.
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