AIA Billing
A standardized billing format using AIA G702/G703 forms common in construction for progress payments.
Definition
AIA billing refers to the use of American Institute of Architects standard forms G702 (Application and Certificate for Payment) and G703 (Continuation Sheet) for progress billing in construction. These forms provide a structured format for contractors to request payment based on percentage of work completed per line item.
Why It Matters
AIA forms are the industry standard for construction progress billing. Proper processing ensures payments align with actual work completed and prevents overpayment on incomplete work.
Examples
G702/G703 submission
Subcontractor submits G702 showing $150,000 total application with G703 breaking down progress by schedule of values line items.
Verifying completion
Project manager reviews G703 to confirm that claimed 60% completion on concrete work matches field observations.
How Nexus AP Helps
Nexus AP extracts data from AIA G702/G703 forms automatically, validates against the schedule of values, and calculates proper payment with retainage.
Start Free TrialFrequently Asked Questions
What are AIA G702 and G703 forms?
G702 is the summary application for payment. G703 is the continuation sheet that breaks down the application by schedule of values line items with percent complete.
Is AIA billing required on all construction projects?
Not legally required, but it is the industry standard for commercial construction. Most owner contracts specify AIA forms for progress billing.
Category
constructionRelated Terms
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