What is AIA Document g702?

What is AIA Document g702?

What is AIA Document g702? The AIA G702 serves as both the contractor’s application and the architect’s certification. Its use can expedite payment and reduce the possibility of error. This document is often referred to an AIA billing form, progress billing form, payment app, or pay app.

What is AIA Document G703? AIA Document G703–1992 breaks the contract sum into portions of the work in accordance with a schedule of values prepared by the contractor as required by the general conditions.

What is the purpose of an AIA Document? AIA contracts and forms are consensus documents that reflect advice from practicing architects, contractors, engineers as well as owners, surety bond producers, insurers, and attorneys. AIA documents balance the interests of all the parties, so no one interest, including that of the architect, is unfairly represented.

How do I make an AIA payment? Homepage: Click on “Pay Online”
Homepage: Select MY AIA from the top panel > click “Pay Online”
Homepage: Scroll down to My Plans and select one of your policies > Click “Update Payment Details” > Select “Make A Payment”

What is AIA Document g702? – Related Questions

What is an AIA billing?

AIA billing is a system, created by the American Institute of Architects in 1992, that serves as a standardized way for contractors to submit work-related paperwork to architects.

What is an AIA form?

An AIA is a document that contains completed contract billing throughout the project; this document was created mainly to assist architects working on a construction project to be paid for the work completed on the project.

What is a certificate for payment in construction?

Certificate for Payment means a written certificate executed by the Authority indicating the amount that the Trade Contractor is entitled to be paid in connection with each Trade Contractor Application for Payment.

What is a G707?

Select # of users. AIA Document G707™–1994 is intended for use as a companion to AIA Document G706™–1994, Contractor’s Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond.

Are AIA contracts good?

The contract thoroughly addresses unexpected issues that may arise in a project. There is a great deal of case law available as a reference to address provisions that may not be understood by parties. AIA contracts are easy to get and are inexpensive.

How do I get an AIA Document?

Paper documents can be purchased in the AIA Orange County Chapter office from 9:00 am to 2:00 pm, Monday through Friday, or they can be ordered and shipped, for a shipping and handling fee. Please email Sharon Miller, Director of Communications for document questions and availability.

Do you have to pay for AIA Documents?

Another drawback is the cost — AIA billing forms are not free.
A single copy the G703 Continuation Sheet is $11.
99 for non-AIA members (unless you want to be able to edit the legal terms — then it’s $29.
99).

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.

How do I change my AIA payment method?

Select.
1) After you have login to MY AIA, on the Homepage, click ‘My Profile’
NOTE: If you have not registered for MY AIA, please refer to.
2) Select ‘My Payments’, and under the ‘Overview’ tab, click on ‘Change Payment Cycle’
3) Select your Preferred Payment Cycle and click ‘Next’
Alternative Payment Cycle.

How do I get an AIA guarantee letter?

How do I request for a Letter of Guarantee (LOG) via My AIA App

Does QuickBooks do AIA billing?

Several apps that integrate with QuickBooks Online have AIA billing features. These apps include: Knowify for Contractors.

What does AIA mean in accounting?

Annual Investment Allowance (AIA)

What is AIA pay application?

It’s also known as AIA billing since the American Institute of Architects (AIA) produces one of the most commonly used pay applications. With progress billing, contractors submit a new payment application before the deadline of each pay period for the work completed and materials purchased in that period.

What should be included in a schedule of values?

However, the general format to expect will include columns with the following details:
The description of each item of work.
The total cost for each item.
What you’ve been paid to date on the work, from prior billing periods.
The percentage of the work that’s been completed.
Your costs for the current billing period.

What does SOV mean in accounting?

schedule of values
The schedule of values (SOV) is one of those documents that touches everyone from the project manager to the accountant.
At its most simple, a schedule of values is a start-to-finish list of work items on a project that represent the entire project from beginning to end and the entire contract price.

What is the purpose of a schedule of values?

As used in many standard form contracts (such as the AIA series of documents), the primary purpose of preparing a schedule of values is to permit the owner or architect to determine what percentage of completion has been achieved for particular items of work in order to agree on progress payments.

Which AIA contract should I use?

For more complex projects, parties should consider using one of the following AIA owner/architect agreements: B101–2017 or B103™–2017. For smaller and less complex projects, parties may wish to consider B105™–2017, Standard Short Form of Agreement Between Owner and Architect.

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