Free Construction Payment Report Template
Construction Payment Report
Prepared by: [Your Name]
I. Project Information
|
Project Detail |
Information |
|---|---|
|
Project Name |
Sunset Plaza Construction |
|
Project ID |
SP-2050-01 |
|
Project Location |
1200 Main Street, Springfield, IL 62701 |
|
Client Name |
Horizon Development Group |
|
Contractor |
BuildRight Construction Inc. |
II. Payment Summary:
|
Payment Summary |
Amount |
|---|---|
|
Total Payments Made |
$1,200,000 |
|
Total Payments Pending |
$150,000 |
|
Total Payments Due |
$50,000 |
|
Payment Period |
November 1, 2050 – December 15, 2050 |
III. Payee Details
|
Payee |
Amount Paid |
Amount Pending |
|---|---|---|
|
General Contractor: BuildRight Construction Inc. |
$500,000 |
$75,000 |
|
Subcontractor 1 (Electrical): PowerTech Electrical Services |
$200,000 |
$25,000 |
|
Subcontractor 2 (Plumbing): FlowMaster Plumbing Co. |
$100,000 |
$20,000 |
|
Supplier: SteelWorks Supply Ltd. |
$150,000 |
$10,000 |
IV. Invoice Details
|
Invoice # |
Vendor |
Date |
Description |
Amount |
|---|---|---|---|---|
|
#001 |
BuildRight Construction Inc. |
November 5, 2024 |
Payment for site preparation and foundation work |
$300,000 |
|
#002 |
PowerTech Electrical Services |
November 12, 2024 |
Electrical wiring installation for the first floor |
$150,000 |
|
#003 |
FlowMaster Plumbing Co. |
November 20, 2024 |
Plumbing for bathrooms and kitchen areas |
$75,000 |
V. Payment Status
|
Payment Status |
Amount |
|---|---|
|
Payments Completed |
$1,050,000 |
|
Payments Pending |
$150,000 |
|
Details |
Payments for invoices #003 and #004 (subcontractor fees) remain pending. |
|
Late Payments |
None |
|
Discrepancies |
None |
VI. Retention Amounts
|
Retention Amounts |
Details |
|---|---|
|
Amount Retained for Quality Assurance |
$50,000 (General Contractor) |
|
Retention Period |
6 months after project completion |
VII. Discrepancies or Issues
-
Invoice #004 (SteelWorks Supply Ltd.): Discrepancy in materials provided compared to invoice, under review.
-
Subcontractor 2 (Plumbing): Pending payment for work completed on time, to be processed in the next payment cycle.
VIII. Approval and Signatures
Approved By:
[YOUR NAME], Project Manager, Horizon Development Group
Date: December 18, 2050
