Reset Excel or Paymee. PDF Minnesota Title Insurance Services | Commercial Partners ... 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. Synopsis. If you don't have access to one, drop me an email and I'll send you the form. The Contractor should sign G702, have it notarized, and submit it, together with 0703, to the Architect. To report copyright violations of AIA Contract Documents, e-mail The American Institute of Architects' legal counsel, copyright@aia.org. Synopsis. In closing, these misconceptions about AIA G702/G703 documents exist for a reason. g702 retention billing - aha.partners 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.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 . you can even choose to include the full retainage on your final Application for Payment. g702 retention billing - mulberrymaids.com CAP Form G702 Contractor Invoice, is to be used in conjunction with CAP Form G703 Continuation - Schedule of Values Support & Troubleshooting. Contact Paymee Support. This form is sometimes referred to as Page 2 of the Application and Certificate for Payment (G702 form). G702-1992, Application and Certificate for Payment - AIA ... This form serves as both the Contractor's application for current payment due and the Architect's certification that payment is . ©1992 THE AMERICAN INSTITUTE OF ARCHITECTS, 1735 NEW YORK AVE., N.W., WASHINGTON, DC 20006-5292 Users may obtain validation of this document by requesting a completed AIA Document D401 - Certification of Document's Authenticity from the Licensee. Typically, materials quantities are tracked on a line item in a contract's or funding's Schedule of Values (SOV), so an invoice can be submitted to the proper . BILLING RETENTION ON AN AIA INVOICE (This is also applicable to Unit Billing Invoicing) For a GMP Contract Type, the Item Number is the Prolog Budget Code. My method - when I used the AIA form a few times - was to assign a percentage complete to each category tht corresponded to the deposit required. Hardware & System Requirements. or similar . It requires the contractor to show the status of the construction contract to date; including the Original Contract Sum, Net Change by Change Orders, Contract Sum to Date, Total Completed and Stored to Date, the . Users may obtain validation of this document by requesting of the license a completed AIA Document D401 - Certification of Document's Authenticity AIA DOCUMENT G703 • CONTINUATION SHEET FOR G702 1992 EDITION • AIA® - O 1992 THE AMERICAN INSTITUTE OF ARCHITECTS. CONTRACT SUM TO DATE $ Number Date Approved 4. License Registration . Line 1, Original Contract Sum. Stick to the fast guide to do aia g702 g703 form, steer clear of blunders along with furnish it in a timely manner: How to complete any Aia G702 G703 Form online: On the site with all the document, click on Begin immediately along with complete for the editor. The following dialog opens: Notes:-The Retainage settings per the above dialog are applied to the entire project. TOTAL COMPLETED & STORED TO DATE $ (Column G on G703) 5. Troubleshooting. Use your indications to submit established track record areas. The # 1 construction billing software. Purpose and Related Documents, AIA Document G702, Application and Certificate for Payment, is to be used in conjunction with AIA Document G703, Continuation Sheet. 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. User Notes: (313313935) 1 In tabulations below, amounts are stated to the nearest dollar. This amount represents the total value of work completed up through the current billing period, along with the value of all materials currently stored on site. Net change by Change Orders $ Approved this Month 3. These documents are designed for use on Projects where the Contractor has a direct Agreement with the Owner. The American Institute of Architects (AIA) sells the popular AIA G702, which is probably the most commonly used standardized pay application in the construction industry. After the Contractor has completed AIA Document G703, Continuation Sheet, summary information should be transferred to AJA Document 0702, Application and Certificate for Payment. The most common pay application used is the AIA (American Institute of Architects) G703 Form. Line 5: Retainage: If you have a variable rate list the dollar amount in G703 Column I for each line item - the software will then calculate a total dollar amount of retainage, which it will put in G702 Line 5. BILLING RETENTION PROCEDURES 2859 83rd Street Darien, IL 60561 877-734-4676 cesupport@cssworks.com Page 1 There are two different ways retention can be billed in the ComputerEase program; through Freeform Invoicing and AIA/Unit Billing Invoicing. Consequently, the potential to make costly mistakes grows. APPLICATION NUMBER: In tabulations below, amounts are stated to the nearest dollar. When editing, change the retainage value to 0%. To start with, the AIA G702 is a one-page document that requires contract information and nine payment fields. Purpose and Related Documents, AIA Document G702, Application and Certificate for Payment, is to be used in conjunction with AIA Document G703, Continuation Sheet. CHANGE ORDER SUMMARY AIA Document G703, is attached. In the Customer box, type the customer ID or click List to select from a list of customers. In AIA Document G702™-1992, Application and Certificate for Payment, you may import data from the corresponding AIA Document G703™-1992, Continuation Sheet. AIA G702-1992: Application for Payment. The forms require the contractor to show the status of the contract sum to date, including the . When the information looks like below, invoice the retainage once more: Now that the retainage value has been reset to 0%, the amount that was previously retained is now moved back into the AIA invoice. Form G703 must be itemized according to each phase number and description listed in Article 4 of this contract and any change orders that follow. The AIA reports that the form can speed up the payment process and reduce the likelihood of errors. The G702 form streamlines the process of the subcontractor applying for project payment. The G702® -1992, Application and Certificate for Payment and G703®-1992, Continuation Sheet to the G702 effectuate the payment process that is . So you're going to fight through the painful reconciliation required to fill out the payment application forms no matter what, even if it means hours lost to administrative process that could have . 04-09-2013, 11:12 PM. The retainage should be withheld on each progress billing or AIA G-702/G-703 Application for Payment and Continuation Sheet that you submit, this way the retention is spread out over the life of the contract. It is powerful, flexible and easy to use. These forms follow a very strict outline and procedure, which has a set of Instructions that accompany each official document. 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. Excel Macro Settings. _5____% of . 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. Manually Fill in the Red bordered fields.. 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