Tag: Pay Application
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Pay Apps: A Simple Overview – Common Forms and Parts
Generally, the pay app provides an accounting of the work/materials/product furnished through a certain time under the contract and any change orders, along with their price and quantity – and subtracts retainage and the amount previously paid to determine the amount due. Supporting and/or additional information is usually required to be provided as well. While…
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How AIA Pay Applications in Construction Work
Using AIA documentation for bill processing can also be quite costly. If you must use AIA forms for a project, downloading them on the AIA official website can be very overpriced. If you wanted a digital version of the AIA, they have the ability to charge you for every use of the AIA billing forms.…
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Common Pay Application Templates – AIA and ConsensusDocs
While the standardized pay-apps are relatively similar no matter where they come from – the references to and requirements regarding pay applications in the standardized construction contracts can still be different. The actual pay-app itself is just one part of the application for payment process, and certain requirements can be set by the original contract.…
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These Three Tips Will Get Construction Companies Paid Faster
While there are many ways to combat slow or non-payment once it’s already affecting you on a project, wouldn’t it be better to just avoid it in the first place? Every construction participant wants their invoices prioritized, and wants to get paid on time and without hassle. This article provides a few top tips to…