What is the AIA form for application of Payment?
What is the AIA form for application of Payment?
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. Its use can expedite payment and reduce the possibility of error.
What is AIA billing format?
The AIA billing system was developed to provide a standardized method of submitting job related paperwork to send to architects and others by a contractor in order for the contractor to be paid for work performed on a construction project.
How do I pay my application?
A typical pay application form will ask you to input the following information:
- Original contract amount.
- Sum of approved change orders.
- Total value of work completed & materials stored on-site to date.
- Amount retained.
- Total amount earned to date.
- Total amount received to date.
- Amount currently due.
- Balance to finish.
What is an AIA contract?
AIA Contract Documents is an online document automation service that allows you to manage your project data and generate contract documents. You can access your projects and documents anytime and from anywhere using your favorite browser (Internet Explorer, Firefox, Chrome or Safari) for the PC or the Mac.
How do AIA documents work?
How do I check my AIA policy?
Just follow these 3 simple steps:
- Register and/or login to your MY AIA account.
- Upon logging in, click on My Statements & Letters.
- On the View Statement page, click on Policy Statements. Then select the Name and Year of the premium / contribution statement to view and print the statement.
What is the purpose of an AIA document?
The documents produced by The American Institute of Architects (AIA) are the most widely used standard form contracts in the construction industry. They facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.
What is an AIA schedule of values?
A Schedule of Values, or SOV, is a list of every work item on a project, along with each item’s value or cost. According to the standardized contract documents from the American Institute of Architects (AIA), “The schedule of values shall allocate the entire contract sum among the various portions of the work.”
Is a payment application an invoice?
At its core, a pay application is a detailed construction invoice, with a number of supporting attachments. The document, or group of documents, provides information about the progress of a contract, and requests payment for the work completed.