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Retainage Calculator

G702 / G703

How to fill out a G702 and G703 pay application

This is the AIA-style G702 math GCs actually check. It is not an official AIA Contract Documents form. Use it to keep last month and this month on the same sheet.

People search “how to fill out AIA G702.” Official G702/G703 forms are sold by AIA Contract Documents. This page is the same nine-line cover math and G703 continuation logic — not a licensed AIA product.

Most rejected pay apps fail in the same three places: Line 4 does not match the G703 grand total, retainage was recalculated from scratch instead of carried forward, or Column D this month does not equal Column G from last month.

1. Build the schedule of values (G703)

Every row needs a scheduled value. The rows must add up to the original contract sum. For each line, enter work completed in previous applications, work this period, and stored materials. Total completed and stored to date is previous + this period + stored. Read what a schedule of values is if the SOV itself is the problem.

2. Roll the G703 into the G702 cover

Line 1 is the original contract. Line 2 is net approved change orders. Line 3 is 1 + 2. Line 4 is the G703 grand total of completed and stored to date. If those two numbers disagree, stop and fix the continuation sheet.

3. Retainage, previous certificates, current due

Line 5 is retainage held to date (often split 5a completed work and 5b stored materials). Line 6 is Line 4 minus Line 5 (earned less retainage). Line 7 is the sum of previous certificates for payment. Line 8 is Line 6 minus Line 7 — current payment due. Line 9 is the balance to finish including retainage.

G702 cover lines

LineWhat it is
1Original contract sum
2Net change orders
3Contract sum to date (1 + 2)
4Total completed and stored to date (from G703)
5Retainage held to date
6Earned less retainage (4 − 5)
7Previous certificates for payment
8Current payment due (6 − 7)
9Balance to finish, including retainage

How to bill retainage covers the 50% step-down.

Open the G702-style worksheet

Questions this page answers

What is a G702 form?
It is the Application and Certificate for Payment cover sheet. It summarizes contract sum, completed and stored to date, retainage, previous certificates, and current payment due. The G703 continuation sheet is the line-by-line backup.
How do I fill out G702 and G703 together?
Update the G703 first. Copy the Column G grand total onto G702 Line 4. Then apply retainage, subtract previous certificates, and Line 8 is this period’s payment due.
Is this an official AIA G702?
No. Official G702/G703 forms are copyrighted by AIA Contract Documents. This site is an AIA-style worksheet for the math, not a licensed AIA product.