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  1. Download a free Excel payment application template, modeled after the AIA G702 Application and Certificate for Payment. The template includes fields with formulas to calculate net approved change orders.

  2. 7 Οκτ 2024 · A number of construction projects will require subcontractors to use a payment application. AIA Contract Documents produces one of the most widely used pay apps, also known as the AIA G702-1992. This is a guide to each section of the AIA G702 Application and Certificate for Payment. Learn more about AIA billing.

  3. A pay application in construction is a formal request for payment submitted by contractors to the project owner or general contractor. This document details the work completed and materials supplied within a specific period, typically a month.

  4. 11 Ιουν 2024 · A pay app serves the same purpose as an invoice, but includes the additional details to handle the complexities of construction deliverables. This article will discuss when contractors should send pay applications and what information and documents they must include to help them get paid.

  5. 17 Ιουλ 2017 · Choose from a selection of free payment templates below, in Excel, Word, and PDF formats. Each template is fully customizable and designed to look professional while saving you time. You can download and print the templates, or share them via email or cloud-based storage.

  6. 22 Απρ 2021 · A payment schedule in construction is a formalized documentoften in the form of an Excel spreadsheet—that allows bookkeeping staff to plan, organize, and schedule subcontractor payments. They are ideal for construction projects of any size and should be used when implementing the progress billing method to pay subcontractors .

  7. Completing an AIA Using a G702/G703 Excel Template: Pay App #1 Page 1 (G702) 1. Open the Excel template, go to File, and Save As a new file 2. Complete the top section of page 1 (G702) 3. Enter Original Contract Amount 4. Enter Retainage % found under Billing Information in your contract 5. Enter change orders under Change Order Summary