Project Partners Blog

Posts Tagged ‘percent complete’

By John May

In 1992, the American Institute of Architects® formalized a standardized “percentage of completion” contract billing methodology.  The forms developed are known by their numerical assignments:  G702 and G703.  The purpose was to allow contractors, owners, architects and construction managers a familiar way of communicating and authorizing payments during the life of a construction contract. Read the rest of this entry »