Question

For each statement, specify whether it is true or false regarding the payment request contents. 1. Application for Payment tracks upcoming payments and change orders and identifies the total project cost. 2. Pay request continuation sheet tracks previous payments and change orders and identifies the current payment due. 3. Schedule of values represents project's budget based upon the original estimate. 4. Payments reflect percent-complete of each category. 5. Pay request continuation sheet summarizes actual payment amounts and provides official approvals required before payment can be released. 6. Application for Payment summarizes actual payment amounts and provides official approvals required before payment can be released. 7. Schedule of values represents project's schedule based upon the original planning. 8. Pay request continuation sheet represents project's schedule based upon the original planning.

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