What's the difference between a Payment Application and Invoice?
Answer
Avangrid uses Payment Applications to review work completed by a contractor before they submit an Invoice and get paid. While both documents are submitted by the contractor, the biggest differences are in who reviews and approves them (as shown in the table below).
| Payment Application | Invoice | |
|---|---|---|
| Submitter | Contractor | Contractor |
| Reference Documentation | Schedule, Progress Reports, Contract (SOV) | Payment Application |
| Reviewer | Site Team, Contract Manager, Tax Team | Accounts Payable, Cost Controller |
| Approver | Project Director | Project Director |