Form 101 Periodic Estimate for Partial Payment - Montana

What Is Form 101?

This is a legal form that was released by the Montana Department of Administration - a government authority operating within Montana. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is Form 101 Periodic Estimate for Partial Payment?A: Form 101 Periodic Estimate for Partial Payment is a form used in Montana for requesting payment on a construction project.

Q: Who uses Form 101 Periodic Estimate for Partial Payment?A: Contractors and subcontractors involved in construction projects in Montana use Form 101 to request partial payment for work completed.

Q: What information does Form 101 Periodic Estimate for Partial Payment include?A: Form 101 includes details such as the contractor's name, project name, description of work completed, amount requested for payment, and any retainage.

Q: When should Form 101 Periodic Estimate for Partial Payment be submitted?A: Form 101 should be submitted periodically based on the schedule outlined in the construction contract or as agreed upon with the owner or general contractor.

Q: Who receives Form 101 Periodic Estimate for Partial Payment?A: Form 101 is typically submitted to the owner or general contractor for review and approval.

Q: What happens after Form 101 Periodic Estimate for Partial Payment is submitted?A: After submission, the owner or general contractor will review the form, verify the work completed, and make payment accordingly.

Q: Is Form 101 Periodic Estimate for Partial Payment required in Montana?A: While there may not be a legal requirement to use Form 101 in Montana, it is commonly used in the construction industry as a standard practice for requesting partial payment.