Aia pay Application Forms

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Commonly Asked Questions about Aia pay Application Forms

What are forms G702 and G703?

Construction projects require the use of payment applications, also called Pay Apps. These two documents work alongside each other. 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 G702.

What is an pay application?

The G702 form is an payment application, or billing form, used as a summary sheet of billing progress. Subcontractors will use it to request payment from a general contractor; and a general contractor will use it to request payment from the owner.

What are forms?

Widely recognized as the industry standard, Contract Documents comprise over 200 legal forms and agreements that define the relationships and terms involved in design and construction projects.

What is an application for payment?

billing is a standardized process for submitting payment applications in the construction industry, commonly involving forms G702 and G703.

What is a G707 form?

G7071994, Consent of Surety to Final Payment intended for use as a companion to Document G7061994, Contractors Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond.

What does payment mean?

The billing system was developed by the American Institute of Architects () in 1992. Using these documents, the Contractor can apply for payment due and the Architect can docHub that the payment is due. Typically, billing consists of two forms.

What is the billing process?

Billing, officially referred to as payment application documents, is a standardized billing requirement used in the construction industry. It is an invoice process used by construction companies to identify the scope of work and payment for a project.

What is the purpose of an ?

contracts and forms are consensus documents that reflect advice from practicing architects, contractors, engineers as well as owners, surety bond producers, insurers, and attorneys. documents balance the interests of all the parties, so no one interest, including that of the architect, is unfairly represented.