Key takeaway
At a glance
- An AIA G702/G703 pay application worksheet helps contractors calculate contract sum to date, stored materials, retainage, previous payments, and current amount due before completing licensed AIA billing documents.
- Use the worksheet to review billing math with the PM, owner, or accounting team before transferring approved values into licensed AIA forms.
- This is a planning worksheet for billing math, not an official AIA contract document.
Reviewed by ConstructionBids.ai Team. Last updated .
About this tool
AIA G702/G703 Pay Application Builder for general contractors, subcontractors, project managers, and billing teams
AIA G702/G703 Pay Application Builder helps general contractors, subcontractors, project managers, and billing teams prepare progress billing numbers before completing licensed AIA forms. Enter contract sum, approved change orders, percent complete, stored materials, previous billing, retainage, and released retainage and get a review-ready pay application worksheet for G702/G703 billing prep you can use immediately in your bid or project file.
Built for common US construction workflows, including municipal, state, federal, commercial, and subcontractor bid documentation.
An AIA G702/G703 pay application worksheet helps contractors calculate contract sum to date, stored materials, retainage, previous payments, and current amount due before completing licensed AIA billing documents.
How to use
Quick start guide
- 1Enter project and application details
- 2Add contract value, change orders, and completion percent
- 3Review retainage, previous billing, and current due
- 4Download the pay app worksheet
FAQ
Common questions
What does this tool do?
Model the contract sum, work completed, stored materials, retainage, previous payments, and current amount due before filling official AIA billing documents.
How should I apply the results?
Use the worksheet to review billing math with the PM, owner, or accounting team before transferring approved values into licensed AIA forms.
Is this suitable for public bids?
Yes. The inputs align with typical DOT, municipal, and federal bid requirements.
Who should use this?
Use this lead magnet when a contractor needs a review-ready pay application worksheet before preparing progress billing, retainage, or schedule of values paperwork.
Which markets does it cover?
United States commercial construction, general contractor billing, subcontractor progress billing, owner pay application review, monthly construction billing
Key entities
Key entities and terms
AIA Document G702, AIA Document G703, Application and Certificate for Payment, Continuation Sheet, construction pay application, progress billing, schedule of values, retainage, stored materials, change orders, current amount due, previous certificates for payment, licensed AIA forms
Citations
Citation-ready context
- This is a planning worksheet for billing math, not an official AIA contract document.
- Use the worksheet to check contract sum, change orders, retainage, previous payments, and current amount due before completing licensed forms.
- Best for monthly progress billing workflows that use AIA-style pay application review.
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