Construction software › Pay applications
AIA-style pay application software
Set up a project's schedule of values once, and LapseHawk drafts a monthly pay application in AIA G702/G703 format: previous, this period, to date and retainage. General contractors can also require subcontractors to send their pay apps in that format.
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How it works
Schedule of values in, pay app out
Schedule of values
Enter each line item and its scheduled value once per project.
This period
Each month, enter the work completed and stored materials for the period.
The math
Previous, this period, total to date, percent complete, balance to finish and retainage are calculated for you.
On schedule
Pay apps are drafted on your billing day and you're alerted when one is ready.
For GCs
Get subs' pay apps in a format you can check
- Require subcontractors to send pay apps in AIA G702/G703 format.
- LapseHawk reads the pay apps they send and files each to the sub and the project.
- Keep the sub's COI, W-9 and lien waivers next to their pay apps.
See subcontractor management and lien waivers.
Who it's for
Subs who bill GCs and GCs who collect
Subcontractors use it to bill general contractors in the format they ask for without rebuilding a spreadsheet each month. General contractors use it to draft their own pay apps to owners and to require their subs' pay apps in the same layout, which makes them faster to check. Either way the pay app sits next to the project's bills, lien waivers and COIs.
Fine print
A compatible layout, not the official form
LapseHawk's pay apps follow the AIA G702/G703 layout that owners and lenders expect. They're not the official AIA documents. AIA is a registered trademark of The American Institute of Architects; LapseHawk is not affiliated with or endorsed by AIA.
FAQ
Questions people ask
Is this the official AIA G702?
No. It's a compatible G702/G703 layout. If your contract requires the official AIA form, use AIA's own software.
Does it handle retainage?
Yes. Retainage is calculated on each pay app.
Can I change a line item mid-project?
Yes. Update the schedule of values and the next pay app uses it.
How much does it cost?
$19.99 per user per month or $199 per user per year, every feature on every plan. Start with a 7-day free trial, no card needed.
More answers on the FAQ page. Prices are on the Pricing page.
Related
More of what LapseHawk does
Nothing lapses.
Made by property managers and construction contractors, for property managers and contractors. Less paperwork. More building.
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