Completed to date
$675,010
Stored materials
$74,500
Retainage withheld
$37,475
Retainage required
$37,476
Due this application
$327,120
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 | $54,731 | $70,097 | $124,827 | — | 8% | $6,241 |
| 2 | 16-100 | Electrical | $1,995,536 | — | $1,995,536 | $0 | $50,487 | $50,487 | — | 3% | $2,524 |
| 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 | $181,408 | $89,214 | $270,621 | $74,500 | 15% | $17,256 |
| 6 | 05-100 | Structural steel | $2,527,679 | — | $2,527,679 | $94,535 | $121,076 | $215,611 | — | 9% | $10,781 |
| 7 | 21-100 | Fire protection | $532,143 | $39,615 | $571,758 | $0 | $13,463 | $13,463 | — | 2% | $673 |
| Totals | $14,900,000 | $396,515 | $15,296,515 | $330,674 | $344,336 | $675,010 | $74,500 | 4% | $37,475 | ||
$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_app03.pdf p.1 of 7 | — | Nov 21, 2025 |
| conditional_waiver | waiver_cond_app03.pdf p.1 of 1 | — | Nov 24, 2025 |
| supplier_invoice | invoice_app03.pdf p.1 of 2 | $43,902 | Nov 22, 2025 |
| unconditional_waiver | waiver_uncond_app03.pdf p.1 of 1 | — | Dec 30, 2025 |