Exception ledger
Each row states what was claimed, what the contract and the supporting documents actually support, and the difference between them.
$110,917 of stored materials claimed on line 5 with no supplier invoice or bill of sale in the application
Why it matters Stored materials are paid for before they are installed, so the only protection is proof the material exists, is paid for, and is titled to the project.
$74,500 of stored materials claimed on line 5 under a contract that does not permit billing for stored materials
Why it matters The contract does not permit billing for materials before installation. Paying anyway waives a term the owner negotiated.
$74,500 of stored materials claimed on line 5 under a contract that does not permit billing for stored materials
Why it matters The contract does not permit billing for materials before installation. Paying anyway waives a term the owner negotiated.