![]() ![]() ![]() While using AIA contract documents can provide some advantages - namely, that their standardization makes the process easy to follow - there are a couple of potential disadvantages for subcontractors.įirst, AIA contracts are written to protect architects and owners first and foremost. When filling out a G-702 invoice, be sure to check your information so that no mistakes fall back on your shoulders or drags out the payment process longer than necessary. How to complete the AIA G703 Continuation SheetĪIA payment forms can be used for any construction project no matter the size. When the contractor and architect both sign off on the form, the project owner can then pay the amount that was signed off on the G-703 to the contractor. The architect’s role in this process is to protect the property owner’s financial interest and ensure that the contractor isn’t billing for work they haven’t actually completed. Once the contractor submits the billing forms, the architect reviews them for accuracy. How to complete the AIA G702 Application for PaymentĪlong with the payment application, AIA billing generally requires the G-703 continuation sheet, which provides an update of the work based on the schedule of values. ![]() On the AIA payment application (G-702), a contractor must provide information about the status of the total dollar amount of work completed during the construction project, the sum of any previous payments, descriptions of any change orders, the amount of any retainage, and the sum of the current payment due. These forms are available for purchase on the AIA Contract Documents website. G-702 Application and Certificate for Payment.AIA Billing FormsĪIA billing generally consists of two forms: Most large general contractors rely exclusively on AIA contracts, which define the payment process on a project, including the forms that subcontractors need to use in the billing process. In addition to providing support and resources to their architect members, they also produce some of the most popular standardized contract documents in the construction industry. The AIA, short for the American Institute of Architects, is an advocacy group for architects with 95,000 members and more than 200 chapters globally. ![]()
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