How To Bill Retainage On Aia Form G703. Web to start with, a typical aia billing application for contractors will be based on two different documents working together. Pay app #1 page 1 (g702) 1.
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This line item setup includes description of work, scheduled value and retention. However, they are frequently the source of delayed pay apps and other issues. Web add line 1 to line 2 and this should bring you to your answer. It is a packet that includes one or more forms and other documentation. A subcontractor signs a $10,000 contract specifying a retainage percentage of 10% on each invoice. The g703 contains all the specific information about the amounts included in the pay apps. Web aia document g702®s, application and certification for payment, subcontractor version, containing subcontractor’s signed certification is attached. There's not too much required here. Web you can establish the line items required in the detail section of the aia bill (form g703). Web our interpretation of aia contract documents document payment application procedure g703 continuation sheet is:
The final column on the continuation sheet is reserved for retainage. Web to start with, a typical aia billing application for contractors will be based on two different documents working together. There's not too much required here. Ad purchase your aia certificate of substantial completion here. Get the latest aia g704 that is well balanced and industry trusted. Web aia document g702®s, application and certification for payment, subcontractor version, containing subcontractor’s signed certification is attached. Web the aia g702 and g703 documents are extremely widely used. These are the g702 application for payment. However, they are frequently the source of delayed pay apps and other issues. Web you can read our full guide on how to fill out the aia g703 continuation sheet here. You'll need to reference your aia g702 pay app for.
