Make sure to save the new information before proceeding. The forms require the contractor to show the status of the contract sum to date, including the total dollar amount of the work completed and stored to date, the amount of retainage (if any), the total of previous payments, a summary of change orders, and the amo… You are able to preview the document as a PDF, found in blue at the bottom left side: endstream endobj 163 0 obj <>/Metadata 22 0 R/Pages 160 0 R/StructTreeRoot 39 0 R/Type/Catalog>> endobj 164 0 obj <>/MediaBox[0 0 612 792]/Parent 160 0 R/Resources<>/ProcSet[/PDF/Text/ImageB/ImageC/ImageI]/XObject<>>>/Rotate 0/StructParents 0/Tabs/S/Type/Page>> endobj 165 0 obj <>stream These include the AIA G701-2017 Change Order, the AIA G702 Application and Certificate for Payment, and the AIA G703 Continuation Sheet. endstream endobj startxref As a form of progress billing, AIA billing is especially helpful because it standardizes how you bill, what the invoices look like, and the language that’s used. The value on the G702 Line 3 should equal the total of the G703 column C. If the G702 Line 3 & Line 7 are correct, G702 line 7 The amount received prior to this billing. When the information looks like below, invoice the retainage once more: Now that the retainage value has been reset to 0%, the amount that was previously retained is now moved back into the AIA invoice. Fill out each section of the pop-up box, importing from previous pay period if applicable. The price the GC agreed to pay you for the scope of work you agreed to perform. %%EOF 0Oa���ϰ�Aڭ[Sl�gF�����7@la`���L�j �� 6�x0���1@� ��� G703 Data entry (Typo) G703 Columns D & E Do not include payments or retention in Columns D & E. (It calculates on the G702.) The three most common documents will typically be used in conjunction with one another as part of the pay application process. Since everything aside from the original retainage has been invoiced, this value is all that is left. billing is the use of forms G702 and G703 to provide detailed information about the progress on a job. When the information looks like below, invoice the retainage once more: Now that the retainage value has been reset to 0%, the amount that was previously retained is now moved back into the AIA invoice. Go dig out your AIA pay application form again and turn to the second page. This article will focus on how to properly fill out the AIA G702 form. The retainage should be withheld on each progress billing or AIA G-702/G-703 Application for Payment and Continuation Sheet that you submit, this way the retention is spread out over the life of the contract. G703 Continuation Sheet. To start with, a typical AIA billing application for contractors will be based on two different documents working together. Before we get started, grab a copy of the form. For additional help, contact our document support line at 202-626-7526 or docinfo@aia.org. You are able to preview the document as a PDF, found in blue at the bottom left side: When verifying the invoice, you can see the Payment Due is being taken from the Retainage amount. In Part 1, we attack the first page (AIA form G702) and in Part 2 we will work on the second page (AIA form G703). As that is their purpose, they will probably ask you to break your pay request into several line items. 0 Video: How to fill out the AIA G702 If you don't have access to one, drop me an email and I'll send you the form. 162 0 obj <> endobj Make sure Invoice Retainage Separately is unchecked. Once the document is created, fill out each column. When you complete a GC Bid contract, if you would like to submit your invoice retainage in the AIA format (G-702/G-703) instead of the standard Knowify invoice document, you can accomplish this by following the guide below: To begin, we will have created our contract normally, with this example reflecting 10% retainage: When creating the invoice, make sure the retainage is invoiced separately: Once the invoice has been verified and finalized, we can invoice the retainage on its own. Make sure Invoice Retainage Separately is unchecked. 184 0 obj <>stream Create G703 first; there will be a pop-up box. h�bbd``b`:$k@D)�k h�b```a``J�� ���� �ȴ���a���� ��x���|��� ���� ��`a�Ҽ@,2��L0H)�(p As highlighted below, the current payment due is the amount originally retained: Demystifying cloud software for contractors, Recent pipeline trends for small- and medium-sized contractors, Independence Day: A celebration of hard work and big dreams. hޜSmk�0�+�ZNo�e(�[h�ۇ�,��j"�k[-ݿ�N~�G�--�r�{��'��kJgAsHe� -�/�s������r�`�R����@e9^���u��C&4~�}ڹ�W�);�WM�����:��Xƨ�!��'�E�Lu�l�m������7��uYY`xc���%H���k�����ۧ�a)������Ӻ�oZ�5l)�X܋x��˄,���{�&Iz�H)g���sI�R�!��. AIA Document G702®–1992, Application and Certificate for Payment, and G703–1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due. Just as before, you are able to email the invoice to the client: Finally, when previewing and downloading the document, you will see the pay app and continuation sheets. $��@,sk:�"�@�� ���0;$&�r@.#�!���������� � {X As a form of progress billing, AIA billing is especially helpful because it standardizes how you bill, what … Three of the most commonly used AIA contract documents are typically paired together. AIA Pay Application Page 2 The purpose of page 2 is to allow General Contractors to keep a close eye on your billing. This is where the AIA G703 Continuation Sheet comes in handy; you’ll need to complete it in order to get the total for line 4. The G702® –1992, Application and Certificate for Payment and G703®–1992, Continuation Sheet to the G702 effectuate the payment process that is outlined in the A201, General Conditions of the Contract for Construction.To complete these forms, follow the instructions below. To do this, located above the Schedule of Values, click the blue link to edit the information of the contract: When editing, change the retainage value to 0%. Here’s how to fill it out. These are the G701 Change Order form, the G702 Application & Certificate for Payment, and the G703 Continuation Sheet form. The AIA (American Institute of Architects) Application for Payment process involves two forms that always are presented together: a coversheet (G702) and a detailed “continuation” sheet (G703). Since everything aside from the original retainage has been invoiced, this value is all that is left. That’s what we call “AIA billing.” More accurately, AIA billing is the use of forms G702 and G703 to provide detailed information about the progress on a job. The G702® –1992, Application and Certificate for Payment and G703®–1992, Continuation Sheet to the G702 effectuate the payment process that is outlined in the A201, General Conditions of the Contract for Construction.To complete these forms, follow the instructions below. We’re linking the G703 video guide here in case you need help filling it out. Line 1, Original Contract Sum.

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