...
- Code – WBS code showing task hierarchy.
- Project Task – Name or description of the Task.
- Estimate Qty/Amount – Planned quantity and planned total contract amount for the task.
- Progress Reports Qty/% – Actual completed quantity and percentage based on progress updates.
- Payment Application Previous Qty/Amount/% – Values already invoiced in earlier payment - This is the amount posted in previous Payment applications.
- Previous Qty / Amount / % – Work quantities, values, and percentages previously billed.
- Current% % – Percentage of work being claimed in this application.
- Cumulative% – Total completed percentage including current and previous.
- Quantity – Calculated from cumulative % and estimate.
- Amount (Excl. VAT) – Net value of current application before VAT.
- VAT% – Tax rate applied (e.g., 5%).
- Retention Total / % / Retention – Gross amount before retention, retention rate, and retained amount.
- Retention VAT – VAT applied on the retained amount.
- VAT Amount – VAT on the payable amount after retention.
- Total – Final payable amount (amount minus retention plus VAT).
- Comment – Any additional remarks, if needed.
...