What is AIA format?
What is AIA format?
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.
What is AIA document 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 A105?
AIA Document A105–2017 is for use on a project that is modest in size and brief in duration, and where payment to the contractor is based on a stipulated sum (fixed price). A105-2017 replaces AIA A105-2007, Standard Form of Agreement Between Owner and Contractor for a Residential or Small Commercial Project.
Who uses AIA forms?
Used by all industry professionals, including architects, contractors, owners, consultants, and attorneys, AIA Contract Documents are organized into two categories: By families based on types of projects or particular project delivery methods and by series based on the use of the document.
What is an AIA application?
What Is an AIA Application? AIA form G702 has the official title “Application and Certificate for Payment,” but most people refer to it as simply the “application.” In AIA billing, the architect (or owner or general contractor, in many cases) gets to approve the amount the contractor bills.
What is the difference between AIA G702 and G703?
The G703 contains all the specific information about the amounts included in the Pay Apps. The additional documents provide proof and support to the claims made in the AIA G702. Additionally, each G703 builds on previous submissions. As a result, the AIA G703 is a precise and complex document with no room for error.
What is the notice to proceed?
A Notice to Proceed marks the date when a contractor or subcontractor’s work is to begin on a construction project – the date that the clock starts ticking.
What is a stipulated fee?
A stipulated sum contract requires that the contractor agree to be responsible for the proper job execution at a set price. The owner has essentially assigned the risk of project costs to the contractor, who can be expected to ask for a higher markup to anticipate unforeseen problems.
What is an AIA Application for payment?
The form also allows the architect to certify an amount different than the amount applied for, with explanation provided by the architect. This document is often referred to an AIA billing form, progress billing form, payment app, or pay app.
How does the AIA work?
The annual investment allowance allows a business to deduct the full cost of an item when calculating taxable profits, as long as the available annual investment allowance is sufficient and the expenditure is qualifying expenditure.