What is AIA Billing?
AIA billing is a progress billing format standardized by the American Institute of Architects using AIA documents G702 (Application for Payment) and G703 (Continuation Sheet). Used widely in commercial construction to bill owners based on percentage of work completed per line item.
Definition
AIA billing is a standardized progress billing method used widely in commercial construction. It uses two documents — AIA G702 (the Application for Payment summary) and G703 (the Continuation Sheet with line-item schedule of values). Contractors bill owners based on the percentage of work completed for each line item since the last pay application, less retainage.
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