aia document g702
The Architect should review G702® and G703 and, if they are acceptable, complete the Architect’s Certificate for Payment on G702®. And accuracy is key! 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. Can an unlicensed contractor file a mechanics lien? I emailed imy invoice to a company I did work for. If you wish to separate your duties by the time of the day, form of task, or its concern, go … These documents are one of the most commonly used contracts in the construction industry. Your request has been sent to the appropriate AIA Contract Yet another reason why having a document retention strategy is helpful! There is no implied permission to reproduce this document, nor does membership in The American Institute of Architects confer any further rights to reproduce this document. The steps required in a project’s journey to completion are importation to how successful the project will be. Or you can download our free, customizable Levelset pay application template here. Less previous certificates for payment, Line 9. Get free payment help from lawyers and experts, Biggest U.S. contractors and how they pay, Last updated: Dec 17, 2019 Published: Nov 06, 2019 Reading time: 7 minutes. Every construction project is unique, including the payment terms and documents you need to provide to receive payment. When the architect or property owner approves your pay app, they will issue a certificate of payment. These are the G701 Change Order form, the G702 Application & Certificate for Payment, and the G703 Continuation Sheet form. For more information, see the document footer and the AIA Contract Documents® Terms of Service. 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… Its use can expedite payment and reduce the possibility of error. Total completed and stored to date, Line 7. California 20-day Preliminary Notice Guide, The Ultimate Guide to Lien Waivers in Construction, How To Handle Requesting and Tracking Lien Waivers, Unconditional Lien Waivers vs Conditional Lien Waivers. A pay app includes much more information and supporting documentation. The AIA is mainly focused on education and advocacy for better practices in the construction industry. The pay application generally serves as an invoice; once the architect or other party certifies it, they will submit payment. 17 Ways a Lien Gets You Paid. AIA G702 – basic single document Cost: $9.99 for AIA members, $11.99 for non-AIA members. This document is a copyrighted work and may not be reproduced or excerpted from without the express written permission of the AIA. Modifications. It’s a one-page form with some contact information and 9 payment fields. The first? second? Particularly with respect to professional or contractor licensing laws, building codes, taxes, monetary and interest charges, arbitration, indemnification, format and font size, AIA Contract Documents may require modification to comply with state or local laws. The Contractor should sign G702®, have it notarized, and submit it, together with G703, to the Architect. We’ll explain this section more a bit further down. This section involves filling out all of the “header” information at the top of the AIA G702 pay application. The contractor submits the AIA ® forms G706 affidavit along with the final request for payment aka final invoice. Three of the most commonly used AIA contract documents are typically paired together. Use our customizable layout (shown below) or print to AIA Document G702*. However, if it’s a subsequent application, you will put the amount from line 6 of the previous certificate. After reviewing the pay application, the continuation sheet, and any other documents, they will certify the amount of payment. The below screen shot is for the American template (supports printing to AIA Document G702*). Aia G702 Excel Template is is provided for free, cross-platform, versatile, easy to use, and flexible. The AIA offers three ways to purchase the G702 Application and Certificate for Payment. “Contract for” asks for a brief description of the labor or materials you are providing, along with the date the contract was signed and the project number (if there is one). This field is simple because it will never change pay app to pay app. The costs should match those on the Schedule of Values. It requires more than just a simple “This is how much you owe me.” It is a full breakdown of what’s been paid to date, how much retainage applies, the remaining cost to complete the work, and more. Annual subscription with unlimited access Cost: $999.99 per user for AIA members, $1249.99 per user for non-AIA members (with discounts for multiple users). Payment applications operate a bit differently. At first glance, the AIA G702-1992 seems relatively simple. The GC finally met with us and offered to pay a fraction of what they owe. What is a construction payment application? Line 2 could be positive or negative.
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