Explain the sections of AIA Form G702, "Application and Certificate for Payment".
What will be an ideal response?
AIA Form G702, "Application and Certificate for Payment," has five major sections:
1. General information: contract information, contractor, architect, owner, payment number, and so on.
2. Contract status: change orders to date, change orders during this period, and net contract change by change orders.
3. Payment computation: total contract, progress to date, retainage, sales tax (if applicable), and payment due.
4. Contractor's certifications: several certifications are necessary with each payment. The contractor must certify that the payment request represents work completed and that the work completed is in accordance with the contract documents. The contractor also must certify that bills were paid relating to previous payments.
5. Architect's certification: certification that the architect has reviewed the work in progress and the payment request.
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