aia g702 and g703 software

Initially, this total should equal the original contract sum. The AIA® Form G703 Is The Continuation Sheet For The G702 The G703, which must be used with the G702, breaks the contract down into portions of work using a schedule of values that is included in the general conditions. It’s also not necessarily the simplest system. Anatomy of an AIA Billing. Line 8: Current payment due is Line 6 minus Line 7. But since many architects and GCs insist upon it, this is a checklist for avoiding problems on the form and required accompanying documentation. Column G: Enter here the total of columns D, E and F. Calculate the percentage completed by dividing column G by column C. Column H: Enter here the difference between column C (Scheduled Value) and column G (Total Completed and Stored to Date). Multiple pages should be used when required. Tax: You may list tax as part of each line item on G703 or as a separate line item. Although change orders could be incorporated by changing the schedule of values each time a change order is added to the project, this is not normally done. For additional help, contact our document support line at 202-626-7526 or docinfo@aia.org. The total of column C may be adjusted by change orders during the project. This site is for our Contractor Billing software. (Compare to the AIA® Form G702®) (Compare to the AIA® Form G703®) Affidavits for Contractors Payment & Release TS 706 & TS 706A Affidavits for Contractors ... You may Network the software at … Importing data: Import from your most recent G702 (this should be from the previous pay period) and your most recent G703 (this should be for the same pay period) for the project. Column I: This column is normally used only for contracts where variable retainage is permitted on a line item basis. For a deductive change order, insert a minus sign in front of the value on the G703 and put the value (without a minus sign) in the “Deductions” column on the G702. AIA G702/G703, by the way, is by no means the only system for pay applications. Line 9: Balance to finish, including retainage is Line 3 minus Line 6. The AIA G702 serves as both the contractor’s application and the architect’s certification. Then, review and/or complete each line item. Contact Sunburst Software Solutions, Inc. Certified Payroll Requirements by State Certified Payroll Reporting Training Webinar QuickBooks Payroll Wage Manager Column D: Enter in this column the amount of completed work covered by the previous application (columns D & E from the previous application). Then, you’ll use the rows to break down your contract sum into a series of values. AIA-Style G-702/G-703® Application for Payment Solution-QuickBooks Certified Payroll Solution for QuickBooks What is an AIA® G-702 & G-703? Columns A, B & C: These columns should be completed by identifying the various portions of the project and their scheduled values consistent with the schedule of values submitted to the architect at the commencement of the project or as subsequently adjusted. Column E: Enter here the value of work completed at the time of this application, including the value of materials incorporated in the project that were listed on the previous application under materials presently stored (column F). Construction AIA G702 / G703 Progress Payment Software FAQ. Line 1: Original contract sum comes from the project data. Filling out the AIA-style G702 and G703 application for payment forms can be a painful process. Before getting started, be sure you have a complete project with a project team to house your payment applications. Want to attend a live webinar on completing payment applications and change orders in the online service? Column C should be subtotaled at the bottom when more than one page is used and totaled on the last page. Before getting started, be sure you have a complete project with a project team to house your payment applications. Line 7: Less previous certificates for payment comes from Line 6 from the prior certificate (should be imported). When you’re done, you can save your draft or generate a finalized document. Usually, change orders are listed separately, either on their own G703 form or at the end of the basic schedule. It need not be completed on projects where a constant retainage is withheld from the overall contract amount. 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. The AIA ® Document G702–1992 is … The G701™-2017, Change Order is used for implementing changes in the work agreed to by the owner, contractor, and architect. You can also enter the Architect’s project number if you have that information. Amounts not in dispute that have been included in Construction Change Directives should be incorporated into one or more change orders. Once you’ve completed your G703, you can save your draft and return to the Projects tab to create the accompanying G702. This value covers both materials newly stored for which payment is sought and materials previously stored which are not yet incorporated into the project. So it is broken down separately in G703 but not in G702. AIA Document G702 & Document G703 are products of the American Institute of Architects. Retainage rate: Select “Fixed Retainage” if your construction contract permits retainage as a constant rate that is withheld from the overall contract amount. Values from column F (Materials Presently Stored) from the previous application should not be entered in this column. If you are working with a variable retainage rate, be sure you’ve completed Column I in the accompanying G702. For additional help, contact our document support line at 202-626-7526 or docinfo@aia.org. Either way, the total gets included in the “Total Completed and Stored to Date” (G703 Column G) and then transferred to G702 Line 4. The amount of the original contract adjusted by change orders is to be entered in the appropriate location on the G702 form. When you create a draft, there will be a pop-up box that allows import your data from the previous pay period if applicable. To complete a payment application and certificate for payment, complete the G703 first by creating a new document draft. Select “Variable Retainage” if your construction contract permits a variable retainage rate on a line-by-line basis, so if one or more portions of work call for a different retainage rate than the rest. 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. How Do I complete one? It’s a good idea to wait to finalize your form until you’ve completed the G702, just to make sure you don’t need to go back and make any edits. Line 2: Net change by change orders comes from the Change Order Summary box below. When you create a draft, there will be a pop-up box that asks you to designate your type of retainge rate and allows import your data from the previous pay period if applicable. AIA Document G703-1992 breaks the contract sum into portions of the work in accordance with a schedule of values prepared by the contractor as required by the general conditions. 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