What is a continuation sheet 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 AIA Document G702?

Form G702 (Application and Certificate for Payment) is used by subcontractors throughout America to make the procedure for receiving payments for work performed regulated and convenient for all parties to the process. Such forms indicate the amount of payment paid for the work done for a certain period.

What is a continuation sheet in construction?

A continuation sheet is a full breakdown of all work and materials that a contractor provides to a project. It separates the entire contract sum into portions of work, using the schedule of values as a base.

What is a continuation sheet?

What is AIA billing format?

AIA billing generally consists of two forms: G-702 Application and Certificate for Payment. G-703 Continuation Sheet.

What’s a continuation sheet?

What does total completed and stored to date mean?

Column G: Total Completed And Stored To Date This gives you the total value of the work completed through the pay period, along with the value of the materials you are storing.

How do I finalize an AIA Document?

To finalize an offline draft from the Home tab: Click Choose File(s). Select your AIA document draft(s) from your computer and click Import. Click Finalize to the right of the imported draft title. Select your preferred variance markup format and the name of the certification signatory, if applicable.

What are AIA Documents in construction?

The documents produced by The American Institute of Architects (AIA) are the most widely used standard form contracts in the construction industry. They facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.

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.

How many AIA documents are there?

The American Institute of Architects publishes nearly 200 contracts and forms that are recognized throughout the design and construction industry as the benchmark documents for managing transactions and relationships involved in construction projects.

What are AIA documents in construction?

What is the AIA form g702 and G703?

The AIA form G702 – Application and Certificate for Payment and AIA form G703 – Continuation Sheet (s) were designed by the American Institute of Architects to protect the interests of all parties involved within a construction or contracting project.

What is a continuation sheet and why is it important?

And that is exactly what a continuation sheet does. What is a construction continuation sheet? A continuation sheet is a form that supplements a construction pay application. It provides additional information to make it easier for the GC, property owner, or lender to review the pay app quickly.

How do you fill out a continuation sheet?

The more accurate your continuation sheet is, the easier it will be to fill out your pay applications. For each column except A and B, once each line item has been filled out, add up the amounts and put the total in the “Grand Total” row. If you have multiple pages, just put the totals on the last page.

What is form 703 and why is it needed?

Form 703, in turn, is some interim report on the work done. This form is needed by the counter-correspondent and accounting since, with the help of form 703, you can track the progress of your project and the amount of work done.