What is AIA G702 form?

What is AIA G702 form?

What is AIA G702 form?

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.

What is a G703 form?

How do you fill out a schedule of values?

However, the general format to expect will include columns with the following details:

  1. The description of each item of work.
  2. The total cost for each item.
  3. What you’ve been paid to date on the work, from prior billing periods.
  4. The percentage of the work that’s been completed.
  5. Your costs for the current billing period.

Which AIA form is a schedule of values?

AIA Document G703®S-2017 breaks the contract sum into portions of the work in accordance with a schedule of values prepared by the subcontractor as required by the general conditions.

What is a continuation sheet?

noun. (in a document) a page that continues from the one before it, containing similar information. Use the continuation sheet to enter additional areas, if needed.

What is an AIA Document G703?

How to fill out an AIA contract?

Project Information. The header of the AIA G701 covers basic information about the project.

  • Contract Changes of the Change Order Form. This section will describe the proposed changes to the original contract.
  • Calculating Contract Changes.
  • Signatures for Approval.

    • How to fill out the AIA g702 application for payment?

    Choose the document you need in the library of legal forms.

  • Open the form in our online editing tool.
  • Read through the guidelines to determine which info you have to give.
  • Choose the fillable fields and include the necessary data.
  • Put the relevant date and place your e-signature once you complete all other fields.

    • How to Bill retainage on AIA form g702?

    the software will then calculate a total dollar amount of retainage, which it will put in G702 Line 5. A box will pop up before you create G702, simply select “variable rate.” If you have a fixed rate leave G703 Column I blank and put the percentage in G702 Line 5, also using the pop-up box to indicate that you have a fixed rate.

    Why use AIA documents?

    – Case law matters. There are volumes upon volumes of books related to how the AIA agreements have been interpreted over the years. – Legal fees add up. Using AIA agreements can help expedite issue resolution issues due to the years and years of documented interpretation of clauses. – Standardization helps the negotiations of agreements go more quickly.