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How to fill out aia billing forms

How to fill out aia billing forms

1. To fill out AIA billing forms, follow these steps:
2. Start by gathering all the necessary project information, including the project name, owner information, architect information, contract information, and billing period.
3. Begin filling out the AIA G702 Application for Payment and the AIA G703 Continuation Sheet by entering all the pertinent information, such as the project name, contract number, and date.
4. Fill in the schedule of values section on the AIA G703 Continuation Sheet, which outlines the various parts of the project and their corresponding values.
5. Calculate the total amount due for each part of the project by multiplying the appropriate percentage of completion by the corresponding value.
6. Enter the amount previously paid on the AIA G702 Application for Payment to determine the net change by subtracting it from the total amount due.
7. Provide a detailed breakdown of the work completed during the billing period, including any change orders or extras.
8. Review the completed forms thoroughly to ensure accuracy and completeness.
9. Obtain all necessary signatures, including the owner, architect, and contractor, as required.
10. Make copies of all completed forms for your records, and submit the original documents to the appropriate party for processing and payment.

Who needs aia billing forms?

1. Various parties in the construction industry may need AIA billing forms, including:
2. - General contractors
3. - Subcontractors
4. - Architects
5. - Engineers
6. - Construction managers
7. - Property owners
8. - Developers
9. - Government agencies
10. - Financial institutions
11. These forms are commonly used for payment applications and provide a standardized format for requesting and processing payments in construction projects.

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What is AIA billing forms?

AIA billing forms are standardized documents used in the architecture and construction industries to facilitate the billing process for construction projects.

Who is required to file AIA billing forms?

Contractors, subcontractors, and architects involved in construction projects are typically required to file AIA billing forms to ensure proper payment processing.

How to fill out AIA billing forms?

To fill out AIA billing forms, gather necessary project details, itemize work completed, enter payment amounts, and ensure all required signatures are obtained.

What is the purpose of AIA billing forms?

The purpose of AIA billing forms is to provide a clear and structured format for contractors to request payment based on work completed, facilitating transparency and accountability.

What information must be reported on AIA billing forms?

AIA billing forms must report information such as project name, invoice number, contract sum, work completed, retainage, and payment due.