Payment applications will be submitted at the interval stated within contract data part 1. The application should make it clear what is being applied for and why.
Creating a Payment Application
A full application will always be in quite a lot of detail, so the intent within FastDraft is to complete a high-level summary for the system, but the full application in detail will be added as an attachment. Therefore, with this form it is mandatory to include an attachment before submitting. The Contractor can submit a new one by using the “Create New” button. There is then the requirement to complete:
- Assessment Date – date up until which the assessment is accounting for
- Summary – brief summary in words as to what the more detailed attached application is showing
- Amount – it then requires Contractor to state Price for Work Done to Date, and previous application which will then calculate the amount being claimed for in period.
Once created it is mandatory to attach a full application which is only summarised in this communication. The draft can be reviewed and amended as necessary – make sure you press “save changes” to save the changes. Any attachment should be added by using the “attachment tab” and then the form can be issued by pressing “communicate notification”.
PM does not accept/reject the application itself – they open up a Payment Certificate to confirm what payment they will certify.