FAQ: What Does Aia Mean In Construction?

What does AIA stand for?

The name The American Institute of Architects and the initials (AIA) are registered trademarks. This means that no one has the right to use them to describe any other organization, individuals, or activities connected with the architecture profession without the Institute’s permission.

What is an AIA construction contract?

An AIA contract, which stands for American Institute of Architects contract, is designed to protect the interest of architects when hired to work on a construction project.

What is AIA billing format?

The AIA billing system is a standardized method of construction percentage of completion contract billing (IE: Progress Billing) developed by the American Institute of Architects (AIA) in 1992. Typically, the AIA Billing System consists of two forms or pages: G-702 Contractors Application for Payment.

How do AIA Documents work?

The AIA Contract Documents online service is project-centric, which means information and documents are created and stored by project. This information is stored and automatically entered into all the documents you create for the project.

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How much does it cost to join AIA?

Cost of AIA membership for a small firm

An individual membership is $442 per year and costs $600 each year thereafter to renew. Adding your firm of 5 or less employees costs an additional $100 per year. So for a small firm (like ours) a typical non-introductory annual fee would be $700 per year. Ouch.

How many AIA members are there?

AIA was founded in 1857 by 13 architects. Now we’re more than 95,000 members strong. Headquartered in Washington, DC, we have more than 200 chapters around the world. We advocate for the value of architecture and give architects the resources they need to do their best work.

What is the purpose of an AIA Document?

The documents produced by The American Institute of Architects (AIA) are the most widely used standard form contracts in the construction industry. They facilitate communications among all the parties involved in construction, which makes it easier to produce a high quality project in a timely and economical fashion.

What is an AIA schedule of values?

A Schedule of Values, or SOV, is a list of every work item on a project, along with each item’s value or cost. According to the standardized contract documents from the American Institute of Architects (AIA), “The schedule of values shall allocate the entire contract sum among the various portions of the work.”

What is Retainage in construction contract?

Retainage is the withholding of a portion of the funds that are due to a contractor or subcontractor until the construction project is finished. It is meant to serve as a financial incentive and an assurance that the contractor will complete the project in a satisfactory manner.

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Does Quickbooks do AIA billing?

“Construction Application for Payment Solution” generates AIA billings using original AIA G-702/703 forms and G-702/703 CMa versions (or similar plain paper versions), 30+ standard Contract Documents, and other “plain paper” billing formats.

What does AIA mean in accounting?

Annual Investment Allowance (AIA)

What is a AIA G702 form?

The AIA® contractor form G702 Application and Certificate for Payment is the form that the contractor uses to invoice on the project when AIA® forms are required. The AIA® Document G702–1992 is both the contractor’s request for payment as well as the architect’s certification (determining whether or not you get paid).

How do I finalize an AIA Document?

To finalize an offline draft from the Home tab:

Click Choose File(s). Select your AIA document draft(s) from your computer and click Import. Click Finalize to the right of the imported draft title. Select your preferred variance markup format and the name of the certification signatory, if applicable.

What is AIA in school?

As the professional association of architects, the American Institute of Architects (AIA) supports architects and their communities by dedicating resources and expertise in the following ways: AIA will lead efforts at the local, state and federal levels of government to update school design guidelines.

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