Part $1$: Initial Setup of the Documents

Objective:

Set up the initial AIA G$702$ and AIA G$703$ documents, including the schedule of values, for a

simple construction project.

Instructions:

$1.$ Your company has been awarded a contract to construct a new residence for the Munster

residence at $1313$ Mockingbird Lane, Mockingbird Heights, GA $30144.$

$2.$ Project Overview:

o Contract Value: $$250,000$

o Start Date: $3/1/2025$

o Project Duration: $6$ months

o Work Breakdown: $10$ line items $($listed below$).$

o Retainage Percentage: $10\%$ on both completed work and stored materials.

$3.$ Steps:

o Step $1$: Review the AIA G$703($Continuation Sheet$)$ form.

$$ Create a schedule of values based on the provided line items and contract

value.

$$ Enter the scheduled value for each line item $($provided below$)$ into the

AIA G$703$ form.

o Step $2$: Review the AIA G$702($Application and Certificate for Payment$)$ form.

$$ Set up the document by entering the contract value and other basic

information $($leave columns for work completed, previous payments, and

stored materials blank for now$).$

$4.$ Line Items for Schedule of Values:

Item Description Scheduled Value

$1.$ Site Work $$30,000$

$2.$ Foundation $$40,000$

$3.$ Framing $$50,000$

$4.$ Roofing $$20,000$

$5.$ Electrical $$30,000$

$6.$ Plumbing $$20,000$

$7.$ HVAC $$25,000$

$8.$ Windows $$10,000$

$9.$ Interior Finishes $$15,000$Steps:

$10.$ Landscaping $$10,000$

Step $1$: Complete the AIA G$703($Continuation Sheet$)$ by entering the work

completed and materials stored for each line item.

Calculate the retainage $(10\%)$ on both completed work and stored

materials.

Step $2$: Complete the AIA G$702$ form.

Transfer the total values from the G$703$ form to the G$702$ form.

Calculate the total amount due for this billing period, considering the

previous payments, retainage, and current work$/$materials billed.

Deliverables for Part $2$:

Completed AIA G$702$ and G$703$ forms with the work completed, stored materials,

and amounts due for the third billing period.

Save the G$702$ and G$703$ forms in PDF format

Upload Part $2$ of the Assignment to D$2$L