How Do AIA G702 & G703 Forms Work?

AIA Forms G702 and G703 are standard billing documents from the American Institute of Architects. You use the G702 (Application for Payment) and G703 (Continuation Sheet) together. They request payment, show progress, and document retainage on a construction job.

What is the AIA G702 form?

The G702, or Application for Payment, gives a summary view of a job's finances. It shows how much work is complete, how much you have already been paid, and how much is due now.

• Summarizes contract value, completed work, and retainage
• Shows total paid to date and balance due
• Helps owners and lenders verify project status

What is the AIA G703 form?

The G703, or Continuation Sheet, breaks the job into detailed line items. Each item ties to a line on your schedule of values. That makes progress and costs easy to see.

• Detailed breakdown of labor, materials, and tasks
• Connects to the schedule of values
• Shows percent complete and billing for each line item

How do the G702 and G703 work together?

The two forms are built to sit side by side. The G702 gives the high-level summary. The G703 supports it with itemized detail. Together they give a full picture of project billing.

• G702 is the project summary
• G703 is the detailed breakdown
• Used together to request payment and track retainage

When should you use G702 and G703 forms?

Use these forms when a contract calls for AIA billing. Most government and large commercial jobs require them. Lenders often require them before they fund a draw. Contractors usually submit one pay app each month on net-30 terms.

Skip the forms on small private jobs. Flexible progress billing is simpler there.

• The contract or lender requires AIA pay applications
• The job is commercial, public, or bank-financed
• You bill monthly and track retainage

What are the challenges with G702 and G703 forms?

These forms add transparency, but they are tough to manage by hand. Small errors often cause approval delays or disputes. A late pay app on net-30 terms can choke cash flow.

• Time-consuming to complete by hand
• Math errors can delay approval
• Tracking retainage across projects is hard
• Paper forms create audit challenges

How does software simplify G702 and G703?

Werx AIA billing software automates these forms. You save time and cut mistakes. Werx generates both documents fast and syncs billing straight to accounting.

• Build and update schedules of values easily
• Auto-calculate retainage and balances
• Generate professional G702 and G703 style forms in minutes
• Integrate with QuickBooks Online for accuracy

Key takeaways

• The G702 is the Application for Payment, a summary form
• The G703 is the Continuation Sheet, the detailed breakdown
• The forms work together to document progress and retainage
• Werx automates AIA-style billing with instant forms and QuickBooks sync