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Learn more about Applications for Payment of Contract
An Application for Payment of Contract is a useful tool for independent contractors, since it allows you to complete a payment request form for work you've finished on a project. The payment application works like an invoice, in that you can use it at the end of an entire job, or for various stages of a long-term project. If you use sub-contractors, you'll also be able to detail the exact amounts owed to each one. When creating your Payment Request, you'll want to include details like: the payment application number; the period covered by the application; the total contract price in the original contract; the name of the project; the name of the contractor; who's responsible for paying the contractor; and other details of the amount due.
Other names for this document: Application for Payment of Agreement, Contractor's Application for Payment of Contract