Concrete Contractor Magazine
https://www.forconstructionpros.com/concrete/article/20999105/adding-a-ramp-to-a-parking-deck
The top level of this Baltimore parking ramp was once a pedestrian plaza but the need for 150 new parking spaces led to a rehab project performed by the Bartley Corporation.
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I’ve grown to love and understand AIA billing but I admit it took some time to fully understand. This quick guide can get you into the comfort zone and start having a more satisfying relationship with a busy looking form created by The American Institute of Architects. Plus I couldn’t find an article that explains the basics of AIA billing in fun simple words.
Question: What the heck is AIA Billing and why do it?
Answer: AIA billing can clearly show you the work completed for a particular month, work that has already been completed and the remaining work to be done. This uniform document helps owners, contractors, subcontractors, banks and anyone involved in reviewing / approving a bill usually related to construction.
You just received an AIA bill – don’t freak out, just follow these tips to understand the cover page
Honestly you can skip the rest if you simply create an Accounts Payable invoice for the amount on Line 8 since this is the payment due for this individual progress billing. Note: You can trust this step only if you have a reliable subcontractor like Bartley Corp using the form correctly out of their Construction Accounting Software.
As long as Line 1 matches the amount from the original contract you are good. Move on.
Hopefully this stays zero (hurray) unless you needed to add or subtract work (boo).
This should match what you have paid up until this particular billing.
Crave more? Yes read on, otherwise I think you can get by and I’ll send you a diploma
The total of the contract and change order work left to be completed is found on Line 9.
If you require retainage, you’ll get pushback from subcontractors and make this more difficult. Line 5 Retainage shows the percentage for the job and totals the amount taken out through the current billing. It will affect Lines 5-9 but should not alter numbers on Lines 1-4.
Here you’ll see a Description of the line item with a column for Schedule Value, Completed This Period and the Balance.
Don’t be afraid of AIA. Embrace the clarity and simplicity.
One of your many friends at Bartley Corp,
Andy Bartley
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