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Read a sample subcontract. Digging deeper into company processes for payment, change orders, lien waivers, and more will give you a sense of what to expect while working with them. . Upon receipt of payment, subcontractors must submit an executed lien waiver. Download Mayer Building Company’s sample lien waiver. .
Subcontractor Forms for Construction : Subcontract and Contractor Contract, Independent Sub Statement, License Verification, Potential Back charge, Potential Back charge Log, Back charge and Back charge Log, Non-conform Work Notice, Nonconforming Work Log, Credit Application, Credit Information Request, Subcontractor List, Supplier List.
Before subcontracting any significant portion of a long term job to someone who isn’t known to be financially solvent, the wise general will ask for proof that the sub can carry the strain of weekly payroll through a monthly requisition procedure, with retainage. How does a GC protect itself? § 5.5(a)(6).)
If applying for a transferable credit certificate, no more than half the credit may be applied in a single calendar year. Tax credits must be applied for annually, after initial certification, and will be adjusted to reflect the actual of number of employees that qualify each year. The non-refundable certification filing fee is $150.
The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. The non-refundable certification filing fee is $150. See www.gaworkready.org.
Subcontracts. At the completion of the project, any savings associated with the Subcontract may be required to be passed along to the Order by way of a change order. At the time of project completion, the Contractor will submit a Certificate for Payment or similar document to be approved by the Owner JOC authority.
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