How To Bill For Retainage On Aia Form - Now you can move over the retainage amounts to zero them out and modify the g702 to show no retainage left. If you have been using aia g702 documents as your pay applications in the past, then the breakdown would be as follows. Your most recent payment application should have listed all of your scopes of work as 100% complete (but also withheld retainage). Once the invoice has been verified and finalized, we can invoice the retainage on its own. Complete the top section of page 1 (g702) enter original contract amount. To begin, we will have created our contract normally, with this example reflecting 10% retainage: Web pay app #1 page 1 (g702) open the excel template, go to file, and save as a new file. Web the aia g702 is the payment application form that summarizes the request, including: Enter change orders under change order summary. This guide will cover everything you need to know about aia billing, including:
Benefits of aia billing for construction projects; To begin, we will have created our contract normally, with this example reflecting 10% retainage: Enter retainage % found under billing information in your contract. Now you can move over the retainage amounts to zero them out and modify the g702 to show no retainage left. If you have been using aia g702 documents as your pay applications in the past, then the breakdown would be as follows. Web pay app #1 page 1 (g702) open the excel template, go to file, and save as a new file. Once the invoice has been verified and finalized, we can invoice the retainage on its own. Complete the top section of page 1 (g702) enter original contract amount. At this point, you’ll have everything billed out and will just show the retainage column. Web the last piece in the billing process is billing retainage. Your most recent payment application should have listed all of your scopes of work as 100% complete (but also withheld retainage). Enter change orders under change order summary. When creating the invoice, make sure the retainage is invoiced separately: While customization is possible, this form is often kept unchanged due to its straightforward nature. Web luckily, you’re in the right place. Tips for managing aia billing documents; Web the aia g702 is the payment application form that summarizes the request, including: This guide will cover everything you need to know about aia billing, including: