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  • The Project Manager or Construction Manager shall review all draft invoices with the construction subcontractor on a monthly basis to confirm the percentages of work completed.  This review should become the basis for the construction subcontractor’s monthly progress payment invoice. The Project Manager or Construction Manager shall review all final subcontractor invoices, signifying his/her agreement with the schedule of values (job progress).
  • The Project Manager shall review and approve progress payment requests.
  • The Project Coordinator shall record all progress payments in a Subcontract Accounting Log.
  • The Project Manager may recommend retention changes, such as a reduction of retention at the end of a project, when appropriate.

6.5.1       Invoice and Subcontract Accounting Log

An Invoice and Subcontract Accounting Log will be maintained by the Project Coordinator, detailing the Purchase Order amount, all Change Orders to the Purchase Order, and all invoices received.