A Construction Payment Schedule Template is a document that outlines the timeline and amounts of payments to be made during a construction project. It is used to provide clarity and transparency to all parties involved in the construction project, including the contractor, subcontractors, and the client. The template helps ensure that payments are made in a timely manner and according to the agreed-upon terms and milestones of the project. It typically includes details such as the payment due dates, the percentage of work completed and corresponding payment amounts, and any retention or holdback amounts.
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This document is a template that outlines the payment schedule for a construction project. It helps both contractors and clients keep track of when and how much money is due throughout the project.