What is an AIA document G702?

What is an 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.

Is AIA G702 copyrighted?

This document is a copyrighted work and may not be reproduced or excerpted from without the express written permission of the AIA.

What is a schedule of values form in construction?

A Schedule of Values (SOV) is a detailed schedule apportioning the original contract sum and all change orders, among all cost code divisions or portions of the work. After the Schedule of Values is approved, it becomes the basis for all Contractor/Vendor invoices for hard and soft costs.”

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.

What is the difference between G702 and G703?

The AIA® Form G703 Is The Continuation Sheet For The G702 The form also allows the architect to certify an amount that is different from the amount you invoiced for. But s/he must include a strong, bona-fide explanation as to why s/he changed it.

What is a 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.

What does AIA stand for in construction?

American Institute of Architects
The term “AIA” stands for the “American Institute of Architects.” The AIA is a professional organization of more than 90,000 architects, which creates standards for the industry. One of those standards is a set of forms contractors use for a specific style of progress billing, plus the practices around them.

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.”

Do AIA documents need to be notarized?

The AIA (American Institute of Architects) Application for Payment process involves two forms that always are presented together: a coversheet (G702) and a detailed “continuation” sheet (G703). However, the architect’s certification almost is never required, and the notary signature can often be optional as well.

When do I need an AIA contractor form g702?

The AIA ® contractor form G702 Application and Certificate for Payment is the form that the contractor uses to invoice on the project when AIA ® forms are required The AIA ® Document G702–1992 is both the contractor’s request for payment as well as the architect’s certification (determining whether or not you get paid).

Which is the AIA contractor form for payment?

The AIA contractor form G702™ Application and Certificate for Payment is the form that the contractor uses to invoice on the project when AIA© forms are required. Click the image below to get your copy of fill-in-able AIA-Style G702 and G703 forms.

Which is the continuation sheet for the g702?

The AIA® Form G703 Is The Continuation Sheet For The G702®. The G703 Continuation Sheet must be used in conjunction with the G702 form. It breaks the the contract down into portions of work using a schedule of values that is included in the general conditions.

Where can I get a copy of the AIA form?

Downloadable AIA ® forms are available only from the AIA ®. Hard copies are available through various bookstores, off and online.