What is the typical sequence of steps involved in the payment procedure for construction projects?
The payment procedure typically involves the property owner submitting a payment request to the general contractor, followed by a review and verification of work completed, submission of a payment request to subcontractors, review and verification by subcontractors, payment by the owner to the general contractor, disbursement of payments to subcontractors, and the provision of lien waivers to release claims on the property.