Original Contract Sum 2. For each line item, you should provide a brief description of the type of work being provided. Only as materials are incorporated into the Project is their value deducted from this column and incorporated into column E (Work Completed—This Period.). The amount of the original contract adjusted by Change Orders is to be entered in the appropriate location on the G702 or G732 form, whichever is applicable. 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 breakdown may be by sections of the Work or by Subcontractors and should remain consistent throughout the Project. This is where you will list each work line item, along with the associated cost or value, and accounting of work and materials. A continuation sheet is a form that supplements a construction pay application. Multiple pages should be used when required. And other things. The amount in Column D should just include the value of work performed. The total of the column must be recalculated at the end of each pay period. One way to ensure swift payment is to provide as much detail as possible with your pay app. 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… Now I get paid in 17 days. Can A Contractor File A Mechanics Lien If They Didn’t Finish The Work? Then when we wouldnt accept the offer they said "thats fine, we can go to court and just chew up your time and money on legal fees" What should we do. Is Preliminary Notice Required In My State? Column C should be subtotaled at the bottom when more than one page is used and totaled on the last page. We use cookies to give you the best experience on our website. This column is for retainage – but only if you are using a variable retainage rate. Users are encouraged to consult an attorney before completing or modifying a document. A representative will respond in a timely manner. The three most common documents will typically be used in conjunction with one another as part of the pay application process. Then they ask for names of employees, hours worked, what they did and on what day and whats their hourly wage. Construction Manager as Adviser Edition, whichever is applicable. The more accurate your continuation sheet is, the easier it will be to fill out your pay applications. Mere payment by the Owner for stored materials does not result in a deduction from this column. For the most part, these numbers will remain consistent throughout the project. If you use QuickBooks and need to produce the AIA G-702/G-703 … The scheduled value is the amount of money it will take to complete each item. It need not be completed on projects where a constant retainage is withheld from the overall contract amount. It allows the GC or property owner to cross-reference the current documents with previous applications to ensure that the amounts are true and accurate. Total Complete & Stored to date Total in Column I of G703… Just take the amount from column C (scheduled value) and subtract column G (total completed and stored to date). Just enough information to describe the labor performed and the materials that are being used. Once you’ve paid, it becomes a permanent, final document that can’t be edited. This option allows you to fill out some basic project details into an online form before you actually purchase the form. ... To report copyright violations of AIA Contract Documents, e-mail The American Institute of Architects’ legal counsel, copyright@aia.org. 1. 101210ACD44 AIA Document G702™–1992, Application and Certificate for Payment, or G732™–2009, For example,... Back charges can be tricky if you're not careful! For all document details and a record of changes, see the summary, This information should be completed in a manner consistent with similar information on AIA Document G702, Application and Certificate for Payment, or G732™, Application and Certificate for Payment. Column F. Enter here the value of Materials Presently Stored for which payment is sought. Document G703 TM – 1992 Continuation Sheet AIA Document G703™ – 1992. Even if you’re not using AIA contract documents, providing a continuation sheet with each payment application gives a clear view of the current status of the subcontractor’s work. That value will be in the left-hand part of the column for each line item. 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. 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. This value covers both materials newly stored for which payment is sought and materials previously stored which are not yet incorporated into the Project. Column G. Enter here the total of columns D, E and F. Calculate the percentage completed by dividing column G by column C. Column H. Enter here the difference between column C (Scheduled Value) and column G (Total Completed and Stored to Date). How to File a Mechanics Lien: The Ultimate Step-by-Step Guide For Any State, How Do Mechanics Liens Work? The AIA G703 Continuation Sheet is the more complex of these three pay application forms. The Work In Progress (WIP) schedule is an accounting schedule that's a component of a company's balance sheet. The American Institute of Architects (AIA) is a professional organization of architects and other construction industry professionals. Reviewing construction pay applications can take a while. This is guide will provide subcontractors everything they need to know about filling out each section of the AIA G703 Continuation Sheet. This column is normally used only for contracts where variable retainage is permitted on a line-item basis.

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