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Nov 28

This helps reduce mistakes made while filling out the documents and allows you to better communicate with your team and all parties involved during the billing process. There are several forms used in the process. AIA documents have the architect’s interest as the top priority. To avoid parts of the project not being completed or being done inadequately there is a percentage of the contract, around 5 -10 percent that is not paid out until the project is completed. Many companies, including the AIA, have begun placing primitive versions of automated AIA G702 and G703 forms online to try and combat the issues of human error and the amount of time they take to complete. Flashtract Inc. 75 14th Street NE, Suite 3050, Atlanta, GA 30309 | Support: 1 (866) 777-1540 With the process being more accessible and simplified, you can take the focus off catching up on billing. For pricing, you have the option to buy access to all 107 documents. This also allows you to instantly give any party involved asses to the documents when needed. A couple of important forms include the G702 and G703 subset documents. It is important to note what your company is looking for in a construction payment software. This is the basis of why retainage exists in construction projects. It may seem that the AIA billing system is the only option, but the construction industry is starting to go in a different direction. Since they are the AIA’s property, they have the right to charge for every download, and it can add up. Meaning they will make adjustments and return it to the general contractor to be re-completed. While this might not seem a problem, there are some kickers in the relationship…. More accurately, AIA billing is the use of forms G702 and G703 to provide detailed information about the progress on a job. This is essentially a breakdown of work needed to be done for a project. 1. For general contractors, it takes a level of learning and time to properly fill out these documents. Once you identify key factors such as these, the process will run smoothly. Therefore, since the architect has the advantage, general contractors do not get the fair end of the stick. As a form of progress billing, AIA billing is especially helpful because it standardizes how you bill, what the invoices look like, and the language the parties use. This relationship is not one that is necessarily desired, but it works. In addition to this, the organization has created a set of contract documents ranging from Owner/Contractor Agreements to Contract Administration and Project Management Forms. By digitalizing the process, we can ensure that you will get paid and/or pay your subs on time. Digitized and Automated G702 and G703 forms. Think how simple it would be to bypass this treacherous process and have it laid out for you completely online. The software is there to help you, not trick you. Developed by construction professional. You can focus on building, not billing. Once a general contractor fills out the document, the architect reviews it. Imagine this: You pick up a major catering order that you paid in full. Even better, they are naturally integrated into Flashtract’s construction billing software that streamlines your entire billing process. AIA-style billing Filling out the AIA-style G702 and G703 application for payment forms can be a painful process. Contractor billing software is designed to help you stay organized. Many construction payment software companies integrate with other complementary software such as AIA integration. Typically, a punch list is created so the contractor can check that each detail is completed to standard. We highly advise general contractors to hire a lawyer to review the AIA billing contract. We want your company to focus on building, not billing. Contractors unknowingly accept the biased language of these documents which reduces the risk for the architect and owner. Construction payment software speaks your language. Seen as mere side-projects to hush criticism, not much care has been put into these online versions of G702 and G703 forms and they are often just as confusing. What specific areas of the billing process is slowing me down? You’ve already paid expecting everything to be there and now have to go through a hassle of getting this fixed. This process is in no means simple, taking time and understanding to complete. Although, there is a risk for damage and theft with stored materials so they often require insurance. The AIA G702 and G703 documents are the ones specifically tailored to construction payments. Software companies such as Flashtract have perfected the automation of free AIA G702 and G703 forms by making them completely excel based and spoken in your language. A misinterpretation of the forms could result in delayed payment or worse. We have accomplished our goal with our innovative new construction billing software that keeps all documents in one place, spoken in your language, compatible with as many softwares as possible. You can also choose suggested packages geared towards each profession. Architects are given the upper hand because it is their documentation. In one completely digitalized space, construction payment management software will assist construction companies throughout the entire billing process. Any minor error could result in disapproval from the architect or owner and cause the general contractor to start all over. How many users would my company need to have on the software? Rather than having to carry around a set of physical documents, all of this information is in one space, at the click of a button. You get home, start setting out the food and realize a quarter of your order is missing. Flashtract was created to streamline the process of your construction billing. Using G702 and G703 forms can be not so nice on the wallet. Software companies such as Flashtract have perfected the automation of free AIA G702 and G703 forms by making them completely excel based and spoken in your language. Here are a few advantages of construction payment software…. For example, there are packages designated for design-builders, subcontractors, and consultants. Rather than putting a high amount of focus on billing, construction companies can take that weight off their shoulders with the use of construction invoice software that is highly automated to do it for you without the possibility of human error. The reason you store materials is to create a smooth and undisturbed project. They provide a detailed breakdown and answer any additional questions you may have. General contractors have sought the need for a billing system that speaks their language, so documents and construction payment software have been created to meet these needs. Pertaining to the construction industry, general contractors and project managers, by contract, are often forced to use these documents in the billing process. These documents are not necessarily contractor-friendly. After all, that is your profession. Each year billions are lost due to slow error-filled payments. But hey—you’re a commercial GC or sub, and you want to get paid, right? The AIA has more power than the contractors. The terminology between architects and contractors contrasts; since these forms are written in the architect’s voice, the contractor has to be absolutely sure what is written is correct for their project.

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