What is an AIA Application for Payment?
What is an AIA Application for Payment?
The form also allows the architect to certify an amount different than the amount applied for, with explanation provided by the architect. This document is often referred to an AIA billing form, progress billing form, payment app, or pay app.
What is the difference between AIA G702 and G703?
The G703 contains all the specific information about the amounts included in the Pay Apps. The additional documents provide proof and support to the claims made in the AIA G702. Additionally, each G703 builds on previous submissions. As a result, the AIA G703 is a precise and complex document with no room for error.
What does AIA mean in 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 application for payment?
An application for payment refers to a request for interim payment, or complete payment, by a contractor or a subcontractor in the construction industry.
Which AIA form is an application and certification for payment?
Issuance, payment and acceptance of payment are without NET CHANGES by Change Order prejudice to any rights of the Owner or Contractor under this Contract. Users may obtain validation of this document by requesting a completed AIA Document D401 – Certification of Document’s Authenticity from the Licensee.
What is an AIA Form 702?
Form 702 is a kind of confirmation that the subcontractor has received payment for a portion of the project completed. This form must be signed by the architect and the employee to be valid. This form shows the costs of the project over the past period. Often Form 702 is required to file Form 703 (Continuation Sheet).
What is the purpose of an AIA Document?
The documents produced by The American Institute of Architects (AIA) are the most widely used standard form contracts in the construction industry. They facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.
How do AIA documents work?
AIA Contract Documents is an online document automation service that allows you to manage your project data and generate contract documents. You can access your projects and documents anytime and from anywhere using your favorite browser (Internet Explorer, Firefox, Chrome or Safari) for the PC or the Mac.
What is the payment process in construction?
The payment notice must set out what sum they consider is due and the basis upon which it is calculated. It is important that a payment notice is issued even if the sum due is zero. If the paying party fails to do so, they must pay the sum stated in the payment application.