Application 10

Coral Bay Surgical Center · C-CBS-2405-05 · period ending Sep 4, 2026 · Submitted

Completed to date

$53,585,305

Stored materials

Retainage withheld

$5,358,531

Retainage required

$5,358,531

Due this application

$994,254

Continuation sheet

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	01-100	General conditions	$4,102,000	—	$4,102,000	$3,951,867	$396,253	$4,348,120	—	106%	$434,812
2	02-200	Sitework and excavation	$3,223,000	$343,388	$3,566,388	$2,911,658	$50,279	$2,961,937	—	83%	$296,194
3	03-300	Concrete, foundations	$5,274,000	—	$5,274,000	$4,448,092	$82,274	$4,530,366	—	86%	$453,037
4	03-330	Concrete, superstructure	$8,790,000	—	$8,790,000	$6,886,086	$137,124	$7,023,210	—	80%	$702,321
5	05-100	Structural steel	$5,567,000	—	$5,567,000	$5,567,000	$0	$5,567,000	—	100%	$556,700
6	07-500	Roofing and waterproofing	$2,637,000	—	$2,637,000	$2,540,486	$41,137	$2,581,623	—	98%	$258,162
7	08-400	Curtain wall and glazing	$7,032,000	—	$7,032,000	$6,352,709	$109,699	$6,462,408	—	92%	$646,241
8	09-250	Drywall and framing	$4,102,000	—	$4,102,000	$3,459,627	$63,991	$3,523,618	—	86%	$352,362
9	09-650	Flooring and finishes	$3,223,000	—	$3,223,000	$2,524,898	$50,279	$2,575,177	—	80%	$257,518
10	15-400	Plumbing	$3,516,000	—	$3,516,000	$3,516,000	$0	$3,516,000	—	100%	$351,600
11	15-700	HVAC	$5,567,000	—	$5,567,000	$5,363,248	$86,845	$5,450,093	—	98%	$545,009
12	16-100	Electrical	$4,395,000	—	$4,395,000	$3,970,443	$68,562	$4,039,005	—	92%	$403,901
13	21-100	Fire protection	$1,172,000	$46,621	$1,218,621	$988,465	$18,283	$1,006,748	—	83%	$100,675
Totals			$58,600,000	$390,009	$58,990,009	$52,480,578	$1,104,727	$53,585,305	$0	91%	$5,358,530

Exceptions on this application

CriticalOVERBILL-LINELine billed above its adjusted scheduled value$246,120

Line 1 (General conditions) is billed to $4,348,120 against an adjusted scheduled value of $4,102,000

A schedule-of-values line cannot be worth more than its scheduled value plus the approved change orders against it. Anything above that is money claimed for scope that has not been priced or approved.

Remedy Reject the line back to its adjusted value and require the contractor to submit the difference as a change order.

claimed $4,348,120supported $4,102,000continuation line 1 (01-100)

CriticalCO-UNAPPROVED-BILLEDBilling against an unapproved change order$246,120

Line 1 is billed $246,120 above its base value while change orders totalling $215,694 on this line are still unapproved

Paying against a pending change order concedes the change order. The owner loses the ability to negotiate the price after the work has been paid for.

Remedy Hold the amount above the approved value until the change order is executed, and note the position in the certification.

claimed $4,348,120supported $4,102,000continuation line 1 (01-100)

Documents submitted with the draw

Kind	File	Amount	Received
certified_payroll	payroll_app10.pdf p.1 of 10	—	Sep 7, 2026
conditional_waiver	waiver_cond_app10.pdf p.1 of 1	—	Sep 10, 2026