Partnership with AIA Contract Documents
Cloud PM has licensed the AIA payment forms from AIA Contract Documents, so you can prepare your payment applications on the official AIA forms. Cloud PM calculates the totals automatically, so you don't need to complete the forms by hand.
The Licensed AIA Forms
The licensed AIA forms bundle includes four pairs of forms, for billing the owner, for billing the general contractor and for cost of work contracts with or without a guaranteed maximum price.
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Contractor to Owner (G702 & G703)
The general contractor bills the owner on the G702 Application and Certificate for Payment, with the G703 schedule of values showing the progress of each item of work.
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Subcontractor to Contractor (G702S & G703S)
Subcontractors bill the general contractor on the G702S and G703S, the subcontractor versions of the same forms.
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Cost of Work without Guaranteed Maximum Price (G702CW & G703CW)
These forms are for cost of work contracts that do not have a guaranteed maximum price.
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Cost of Work with a Guaranteed Maximum Price (G702GMP & G703CW)
These forms are for cost of work contracts with a guaranteed maximum price.
Generating the AIA Forms
Cloud PM prepares the AIA forms from your schedule of values, with every total calculated for you.
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Application and Certificate for Payment (AIA G702)
Cloud PM fills in the G702 with the totals from the schedule of values, including the retainage and the amount due.
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Schedule of Values (AIA G703)
You can enter the progress of each item of work on the G703, and Cloud PM calculates the totals, the balance to finish and the retainage.
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Export to an Invoice
When the payment application is approved, you can export it to an invoice. On the Premium plan, the invoice goes to QuickBooks Online with the AIA forms attached.
Why Use the Licensed AIA Forms in Cloud PM
With the licensed AIA forms in Cloud PM, your payment applications are prepared on the forms that owners and architects already know.
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One Standard Form
Every payment application is prepared on the same AIA form, and Cloud PM calculates the totals, which reduces errors.
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Clear Detail
The owner and the architect see the same level of detail on every payment application, from the scheduled value of each item to the retainage held.
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Official AIA Documents
The forms are licensed from AIA Contract Documents, so the owner and the architect receive the same AIA forms they know from other projects.
AIA Contract Documents FAQ
Cloud PM has licensed the AIA payment forms from AIA Contract Documents, so you can prepare your payment applications on the AIA forms in Cloud PM.
You can buy the licensed AIA forms bundle through Cloud PM at a discount, and use it on the Advanced and Premium plans.
Yes. On the Premium plan, the invoice goes to QuickBooks Online with the G702 and G703 attached.
AIA Contract Documents publishes the contract and payment forms of the American Institute of Architects. Cloud PM licenses its payment forms, so the G702 and G703 you send are the official AIA documents your owner and architect expect. You can learn more on the AIA Contract Documents website.