AIA FORM G703 PDF

Who wants the architect to decide that less work was done? However, if the architect chooses "B", to return it to you for correction, that'll put a serious slowdown on the process. Chances are you could be kicked into the next invoice period with no payment for this current period. The G, which must be used with the G, breaks the the contract down into portions of work using a schedule of values that is included in the general conditions. The form also allows the architect to certify an amount that is different from the amount you invoiced for. Don't just accept an architect's change to your invoice without a valid, acceptable explanation.

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All our learning resources are running on the latest menu navigation. Last Updated: June 01 This is useful for ensuring your values are accurate and streamlining the paperwork process.

These identifiers are used solely to refer to AIA and its form, and is not to be considered as a statement of endorsement by or affiliation with AIA. Before you begin completing an AIA preparation form, it is important to be aware of the following details:.

Learn more in Calculate stored materials and complete work retainage. Select the form again from the drop-down list to re-enter the values and view the information. This value is calculated for formally approved change orders only, and excludes linked change orders. The corresponding retainage amount is then calculated by applying the retainage rate to the Grand Total of the Materials Presently Stored column in the Preparation Form for Document G table. If this is the first Application and Certificate for Payment completed for the project, the field is zero.

These values are calculated for Approved standard change orders only, and excludes linked change orders. If this is the first G form to be completed for the project, the Additions and Deductions fields display the totals of all approved change orders Pending , In Progress , Complete , and Invoiced added to the job.

Cost centers added to approved change orders also appear as an individual line item in this table. Enter the same stored materials claim amount for the cost center as that entered in the request for claim. If you have set up retainage for the project and Calculate stored materials and complete work retainage values, this column is the retainage amount for the cost center.

If you Set up retention for a project that may require retainage for stored materials, you need to know the following retainage rates before creating the request for claim and completing your official AIA forms:. You can then use these rates to manually recalculate the retainage for the project so that it accurately reflects retainage for what has and has not been used on the job. Refer to the example below for more information on calculating the correct retainage for a project that requires retainage for stored materials:.

For this example, the stored material retainage rate is five percent. This is the same retainage rate you enter in the AIA preparation form. Walk Me Through. Ideas Portal. Developer Center Legal. All Files. Submit Search. Account Settings Logout. You are here:. Complete an AIA preparation form Before you begin completing an AIA preparation form, it is important to be aware of the following details: Data entered in the AIA preparation form does not save in simPRO , as it is not an official document, but an extra tool to calculate the values you wish to enter in the standard AIA form.

If you have enabled retainage for a project, you need to know the following retainage rates for the project before creating the request for claim and completing the AIA preparation form: Retainage for completed work Retainage for stored materials, that is, materials you have purchased and stored for use on the project. To complete an AIA preparation form: Create a request for claim as normal for the project. Learn more in How to Create a Request for Claim. If you have enabled retainage for the project and you wish to claim retainage for stored materials, use the established stored materials and completed work retainage rates to re-calculate the retainage for each cost center you have claimed.

Enter the sum of this Retainage below the Total. Click Finish to create the request for claim. The form appears in a pop-up. This is the same retainage rate you used to calculate the retainage when creating the request for claim. You need to keep the form pop-up open while completing the official forms, as any data entered does not save in simPRO.

When you have finished completing the official AIA forms, click the black X in the top right to close the preparation form.

Project The Job No. Application No. The number of the claim, or the Progress Invoice No. For example, the first request for claim raised against a job would have an Application No. The table is populated by the following simPRO data: AIA preparation form field Matching simPRO field Total changes approved by owner before the last claim If this is the first G form to be completed for the project, the values is zero.

Total approved since last claim If this is the first G form to be completed for the project, the Additions and Deductions fields display the totals of all approved change orders Pending , In Progress , Complete , and Invoiced added to the job.

Total The sum of the Total changes approved by owner before the last claim and Total approved since last claim values. Description of Work The cost center name. Materials Presently Stored Enter the same stored materials claim amount for the cost center as that entered in the request for claim.

Retainage if variable rate If you have set up retainage for the project and Calculate stored materials and complete work retainage values, this column is the retainage amount for the cost center. Calculate stored materials and complete work retainage If you Set up retention for a project that may require retainage for stored materials, you need to know the following retainage rates before creating the request for claim and completing your official AIA forms: Retainage for completed work Retainage for stored materials, that is, materials you have purchased and received for the project, have stored on site, but have not yet used.

Stored materials retainage rate For this example, the stored material retainage rate is five percent. Completed work retainage rate For this example, the completed work retainage rate is ten percent. To calculate the accurate stored material and complete work retainage for a project: Create a request for claim for the job as normal.

Add the stored materials retainage amount and completed work retainage amount together. Enter this sum in the Retainage field below the request for claim Total. Tax has not been added to this example, as the settings to not hold retainage exclusive of tax. Click Finish to create the request for claim and complete the AIA preparation form as normal. To Owner. The name and Street Address entered in the customer card file. The Job No. From Contractor.

Contract For. Original Contract Sum. The Sub Total of the job, or the Total excluding tax. Net Change by Change Orders. The Total value calculated in the Change Order Summary table. Contract Sum to Date. Total Earned Less Retainage. Less Previous Certificates. Current Payment Due. Balance to Finish. Total changes approved by owner before the last claim. If this is the first G form to be completed for the project, the values is zero. Total approved since last claim. The sum of the Total changes approved by owner before the last claim and Total approved since last claim values.

Net change by change orders. The Additions Total minus the Deductions Total. Item No. This is simply line numbering, and is not simPRO job data. Description of Work.

The cost center name. Scheduled Value. The cost center Sub Total , or sell price Total excluding tax. The work completed claim amount for the cost center, as entered when creating the request for claim. Materials Presently Stored. Retainage if variable rate. Cost center claim amount. Stored materials claim amount. Stored materials retainage rate. Completed work claim amount. Completed work retainage rate. For this example, the completed work retainage rate is ten percent.

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