April 2026 cycle.
Sample Cash-at-Risk Audit
$472,100 of current-cycle cash at risk.
Synthetic but grounded in real GCs, real statute citations, real packet rules, and the same rejection logic SubCash applies to your pay-app packet.
21.6% of reviewed billings.
Above trailing six-month average.
Executive summary
Four current-cycle packet issues drive the exposure.
April spiked because four packets hit GCs with strict waiver, SOV, signature, and stored-materials requirements that the standard packet template does not match. The audit also flags $261,000 of next-cycle exposure from payroll and insurance items before they block payment.
Findings
F-1 - Hard Reject$214,000
Wrong-form conditional lien waiver
Turner Construction
- Rule
- R024 - Turner Exhibit F waiver required
- Source
- Turner subcontract Exhibit F; AIA A201-2017 Section 9.3.3
- Evidence
- Packet uses AIA G706-2017. Turner requires its CW-PP-2024 conditional waiver form with project number, owner-of-record entity, and down-to date.
- Fix this cycle
- Pull Turner Form CW-PP-2024 from the project forms folder, re-execute with an authorized signer, and resubmit before cutoff.
F-2 - Hard Reject$148,500
SOV-to-G702 sum mismatch
DPR Construction
- Rule
- R001 - SOV line items do not sum to G702 total
- Source
- AIA A201-2017 Section 9.3.1; AIA G702/G703 instructions
- Evidence
- G702 line 3 shows $4,012,700 after executed COs. G703 scheduled-value sum is $3,864,200. CO #4 is missing from the continuation sheet.
- Fix this cycle
- Add CO #4 line items to the G703, re-export the continuation sheet, and verify the G703 total matches G702 line 3 exactly.
F-3 - Soft Reject$71,200
Stored-materials documentation gap
Holder Construction
- Rule
- R016/R018 - Stored materials backup missing
- Source
- AIA A201-2017 Section 9.3.2; Holder subcontract Section 12
- Evidence
- G703 line 47 bills $71,200 in materials presently stored. Vendor invoice is attached, but photos, stored-materials COI rider, and bill of sale are missing.
- Fix this cycle
- Photograph the stored equipment, request the off-site insurance rider from the broker, issue the bill of sale, and append all three to the packet.
F-4 - Hard Reject$38,400
Conditional waiver signed by wrong party
Skanska USA
- Rule
- R010 - Waiver signed by unauthorized party
- Source
- California Civil Code Section 8132(b); Skanska subcontract Section 11
- Evidence
- Conditional waiver is signed by a senior estimator. Skanska requires an officer or authorized signer on file with its risk team.
- Fix this cycle
- Re-execute the waiver with the CFO or another authorized signer on file with Skanska's risk team.
F-5 - Hard Reject$96,000 next cycle
Certified payroll missing for prior week
DIR public works
- Rule
- R015 - California DIR eCPR upload missing
- Source
- California Labor Code Section 1776; DIR eCPR portal rules
- Evidence
- DIR eCPR upload history is missing the week ending 2026-04-12. Prior weeks are posted, but this gap can block the next pay app.
- Fix this cycle
- Generate and upload the missing DIR eCPR file, then confirm accepted status before the next pay-app submission.
F-6 - Warning$165,000 next cycle
Insurance certificate expiring mid-cycle
Whiting-Turner
- Rule
- R021 - COI expired or expiring
- Source
- AIA A201-2017 Section 11.1; Whiting-Turner insurance schedule
- Evidence
- General Liability COI expires 2026-05-09. The next pay-app cutoff is 2026-05-25, so the next packet can be blocked.
- Fix this cycle
- Renew the GL policy or extension binder and push the accepted COI to Whiting-Turner's tracking service before cutoff.
Recommended next actions
#ActionOwnerDeadlineRecovered
1Re-execute Turner waiver on Form CW-PP-2024AR admin + CFOThis week$214,000
2Add CO #4 lines to G703 for DPR jobAR adminThis week$148,500
3Attach photos, COI rider, and bill of sale for Holder materialsAR admin + brokerThis week$71,200
4Re-execute Skanska waiver with CFO signatureCFOThis week$38,400
5Upload missing DIR eCPR for week ending 2026-04-12PayrollWithin 7 days$96,000 next
6Renew GL policy and push updated COI to Whiting-TurnerBrokerWithin 14 days$165,000 next
What SubCash recommends next
The audit is the diagnosis. SubCash OS is the recurring fix.
SubCash applies GC rule memory, SOV/CO reconciliation, waiver routing, DIR and COI monitoring, and a live Cash-at-Risk dashboard every billing cycle.