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A payment application is a construction document that identifies and presents how a contractor will be paid.
This document, also referred to as “Pay Apps”, typically includes details such as the specific services or materials incorporated into the work, any work completed during a billing period, and the corresponding costs associated with that work. Payment applications serve as a means of tracking project progress and financial transactions between the contractor and the project owner or general contractor. They often reference the original contract and may include supporting documentation, such as invoices and receipts, to justify the requested payment.
A contractor may submit a payment application to the project owner detailing the completed work and the corresponding costs, ensuring they receive payment for the progress made on the project.
