What is an AIA G702 form?
What is an AIA G702 form?
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. The form also allows the architect to certify an amount different than the amount applied for, with explanation provided by the architect.
What is AIA Document G703?
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.
What is an AIA invoice?
An AIA is a document that contains completed contract billing throughout the project; this document was created mainly to assist architects working on a construction project to be paid for the work completed on the project.
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.”
Is an AIA an invoice?
AIA form G702 has the official title “Application and Certificate for Payment,” but most people refer to it as simply the “application.” In AIA billing, the architect (or owner or general contractor, in many cases) gets to approve the amount the contractor bills. Therefore, the form isn’t technically an invoice.
What AIA means?
American Institute of Architects
The name The American Institute of Architects and the initials (AIA) are registered trademarks.
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.
Who prepares the schedule of values?
prime general contractor
Prior to beginning a construction project, the prime general contractor or sometimes a second-tier subcontractor (who’s hired directly by the general contractor) creates the Schedule of Values by assigning a dollar amount to every item of work they need to do, and in what phase of the project, in order to get the job …
How to transfer money from AIA International Limited?
I/We hereby authorise my/our named Bank in this authorisation form to effect transfers from my/our account to that of the above named Beneficiary ( AIA INTERNATIONAL LIMITED) in accordance with such instructions as my/our Bank may receive from the Beneficiary from time to time. 6.
How to apply for direct debit authorisation for bank account?
By applying for Direct Debit Authorisation for Bank Account, I/We confirm I/we have read and agreed to be bound by the terms and conditions as set out above. 15. I/We declare that the information contained herein and provided to the Company are in all respects true, correct and complete to the best of my/our knowledge and belief.
What kind of forms do I need for AIA?
Forms and documents avaliable for personal super, deferred annuity, pension, whole of life, endowment and investment bond products previously branded Commonwealth, Colonial or CommInsure.
How to pay federal taxes by direct debit?
Using this payment option, you may submit one or more payment requests for direct debit from your designated bank account. We offer other payment options if you are not e-filing, or if you e-file but want to pay separately.