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Product ID: 406399EAU
 
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AIA G701, G702 and G703: Application for Payment

OnDemand Webinar (47 minutes)

Gain an understanding of how to properly process and complete the AIA Payment Application and Change Order Forms.

Payment applications and change orders are a vital component to successful project management for building design and construction professionals. AIA Document G701™-2001 is used to implement changes in the work agreed to by the owner, contractor, and architect. AIA Documents 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. Software demos and real-world scenarios help you understand the critical aspects of these forms, and how to correctly and efficiently complete them.

Authors

Michael B. Bomba, American Institute of Architects Benjamin Segal, American Institute of Architects

Agenda

Explore the Owner and Contractor's Responsibilities and Expectations

• Contractual Obligations Set Forth in A201-2017 for Both the Change Order and Payment Application Process

• Complying With the Change Order and Payment Application Provisions

Demonstration on How to Complete the AIA Contract Document Standard Change Order (G701)

• Completion of G701

• Identifying Critical Portions of the Form That Correspond to the Specific Contract Requirements Set Forth in A201

• Identification and Documentation

- Types of Changes

- Contract Time Only Changes as Well as

- Deductive Change Orders

Demonstration on How to Complete the AIA Contract Document Standard Payment Application Forms (G702 and G703)

• Completion of G703, Continuation Sheet

- Operations of the Form

- Account for Variable Retainage

• Completion of G702

- Operation of the Form

- Accounting of Change Orders as the Project