Which statement about AIA payment applications (G701, G702) is accurate?

Which statement about AIA payment applications (G701, G702) is accurate?

• A. They standardize progress billing and provide a schedule of values template.
• B. They standardize progress billing and provide a schedule of values template to support owner payments.
• C. They replace the contract.
• D. They are optional.

Answer: (B)

AIA payment applications establish a uniform way to request payment for work in progress and to certify that payment. They create a clear structure for showing how much work has been completed, how much has been paid already, and how much is due next. Central to this process is the schedule of values, which breaks the contract sum into detailed line items so the owner and architect can see exactly how the value of the work is allocated and earned. This transparency makes owner payments smoother, because there’s a consistent, audit-friendly basis for approving what’s billed. The forms are not about replacing the contract, nor are they optional, and while the schedule of values is tied to the payment process, the key point is that these forms standardize progress billing and provide the schedule of values to support payments.

AIA payment applications establish a uniform way to request payment for work in progress and to certify that payment. They create a clear structure for showing how much work has been completed, how much has been paid already, and how much is due next. Central to this process is the schedule of values, which breaks the contract sum into detailed line items so the owner and architect can see exactly how the value of the work is allocated and earned. This transparency makes owner payments smoother, because there’s a consistent, audit-friendly basis for approving what’s billed. The forms are not about replacing the contract, nor are they optional, and while the schedule of values is tied to the payment process, the key point is that these forms standardize progress billing and provide the schedule of values to support payments.