Completed to date
$330,674
Stored materials
$74,500
Retainage withheld
$20,259
Retainage required
$20,259
Due this application
$206,461
Scheduled value is shown adjusted for approved change orders only. Rows shaded red carry an exception; the reason is listed beneath the table.
| # | Cost code | Description | Base value | Approved COs | Adjusted value | Previous | This period | Completed to date | Stored | % | Retainage |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 02-200 | Sitework and excavation | $1,463,393 | $110,451 | $1,573,843 | $19,024 | $35,707 | $54,731 | — | 3% | $2,737 |
| 2 | 16-100 | Electrical | $1,995,536 | — | $1,995,536 | $0 | $0 | $0 | — | 0% | $0 |
| 3 | 15-700 | HVAC | $2,527,679 | — | $2,527,679 | $0 | $0 | $0 | — | 0% | $0 |
| 4 | 03-330 | Concrete, superstructure | $3,991,071 | $246,449 | $4,237,521 | $0 | $0 | $0 | — | 0% | $0 |
| 5 | 01-100 | General conditions | $1,862,500 | — | $1,862,500 | $135,963 | $45,445 | $181,408 | $74,500 | 10% | $12,795 |
| 6 | 05-100 | Structural steel | $2,527,679 | — | $2,527,679 | $32,860 | $61,675 | $94,535 | — | 4% | $4,727 |
| 7 | 21-100 | Fire protection | $532,143 | $39,615 | $571,758 | $0 | $0 | $0 | — | 0% | $0 |
| Totals | $14,900,000 | $396,515 | $15,296,515 | $187,846 | $142,827 | $330,674 | $74,500 | 2% | $20,259 | ||
$74,500 of stored materials claimed on line 5 under a contract that does not permit billing for stored materials
The contract does not permit billing for materials before installation. Paying anyway waives a term the owner negotiated.
Remedy Remove the stored materials line from the application and pay installed work only.
| Kind | File | Amount | Received |
|---|---|---|---|
| certified_payroll | payroll_app02.pdf p.1 of 13 | — | Oct 22, 2025 |
| conditional_waiver | waiver_cond_app02.pdf p.1 of 1 | — | Oct 25, 2025 |
| supplier_invoice | invoice_app02.pdf p.1 of 3 | $43,902 | Oct 23, 2025 |
| unconditional_waiver | waiver_uncond_app02.pdf p.1 of 1 | — | Nov 30, 2025 |