eBook: Learn About AIA Billing & How To Fill Out an AIA G-702/G-703
Learn About AIA Billing & how to fill out an AIA G-702/G-703 so that you can be paid on time! Quite frequently, in the construction industry, it is a requirement that you submit your progress billings on AIA Forms G-702/G-703. The AIA billing system is a standardized method of construction percentage of completion contract billing (IE: Progress Billing) developed by the American Institute of Architects (AIA) in 1992. The AIA billing system was developed to provide a standardized method of submitting job related paperwork to send to architects and others by a contractor in order for the contractor to be paid for work performed on a construction project. Typically, the AIA Billing System consists of two forms or pages: G-702 Contractors Application for Payment G-703 Continuation Sheet These forms…