13 September 2017

Anatomy of an AIA Billing: Getting Inside the G702 and G703

If you’ve landed your first AIA job or you’re thinking about bidding on one, you might feel overwhelmed about the AIA billing process. It’s hard to find example AIA billing applications (until now!). It also has a reputation of being cumbersome and frustrating — but it doesn’t have to be.

In our three-part series on AIA billing basics, we’re walking you through:

Anatomy of an AIA Billing

To start with, a typical AIA billing application for contractors will be based on two different documents working together. These are the G702 application for payment and the G703 schedule of values, and we’ll show you a sample of each.

Both Document G702™ and Document G703™ are copyrighted by the American Institute of Architects.

 

Which one do you want to explore first? Click through each presentation below to get a full overview of each form, looking at an AIA billing example. Or click to navigate right to the sections you have questions about.

G702 Application and Certification for Payment

The G702 generally contains a header, application for payment, change order summary, contractor’s signature and certificate for payment. You can zoom in to each section in order or click on the section you’re interested in to skip ahead.

Anatomy of an AIA Billing Part 1

 

G703 Continuation Sheet

The G703 provides the line-item detail for the AIA billing application. You can see more in this example G703 form.

Anatomy of an AIA Billing Part 2

 

That wasn’t so bad, was it? Of course, completing and adjusting progress billing applications by hand can be a lot of work. But if you have the support of a construction accounting system that tracks and automates AIA billing for you, it can be a game-changer.

Learn about FOUNDATION’s AIA billing software features, and watch a self-guided product tour to see how it fits into a fully integrated job cost accounting system for contractors.