IRS Form 1099, 1099-NEC, and Form 1099-MISC: Advanced Issues and Updates

AIA G701, G702 and G703: Application for Payment

$149.00

SKU: 410038

Description

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 of successful project management for building design and construction professionals. AIA Document G7012017 is used to implement changes in the work agreed to by the owner, contractor, and architect. AIA Documents G7021992, Application and Certificate for Payment, and G7031992, 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 realworld scenarios help you understand the critical aspects of these forms and how to correctly and efficiently complete them.

Date: 2022-09-28 Start Time: 1:00 PM ET End Time: 2:05 PM ET

Learning Objectives

* You will be able to recognize each partys responsibility and expectations within the project change and payment process.

* You will be able to describe the significance of AIA Payment Application and Change Order Forms and how to properly process and complete them.

* You will be able to review the difference between fixed rate and variable rate retainage and how to list change orders on payment applications.

* You will be able to to identify how quick and easy it is to complete these forms in the AIA Contract Documents software (Microsoft Word and Excel based).

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

CLE (Please check the Detailed Credit Information page for states that have already been approved) ,ENG ,Additional credit may be available upon request. Contact Lorman at 866-352-9540 for further information.

Michael B. Bomba-AIA Contract Documents, Benjamin Segal – AIA Contract Documents