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The document is an Application for Payment related to a demolition and renovation project at ACME Building Corporation, submitted by PEM Construction Company. It outlines the payment request details, including amounts due, retainage, and certifications from the contractor, construction manager, and architect regarding the work completed.

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What is an application for payment?

An Application for Payment is a document that a contractor or subcontractor sends to the client or main contractor to request payment for work that has been completed. The Application for Payment includes a detailed breakdown of the work done, the percentage of work completed, and the amount that is due to be paid.

What is a contractors application for payment?

Before any checks are sent, contractors are asked to prove what has been completed, delivered, and more with a payment application. A payment application is a collection of documents requesting payment for completed work or materials in place.

What is PEM in software?

Privacy Enhanced Mail (PEM) files are a type of Public Key Infrastructure (PKI) file used for keys and certificates. PEM, initially invented to make e-mail secure, is now an Internet security standard.

What is an application for payment?

Billing, officially referred to as payment application documents, is a standardized billing requirement used in the construction industry. It is an invoice process used by construction companies to identify the scope of work and payment for a project.

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