AIA-Style G702/703
Skip the spreadsheets! APARBooks auto calculates line by line retainage, gross percentage, shows change order subtotals for the current month and total to date
Payment applications are auto-generated, reducing manual data entry for a quicker process.
G702/G703 forms are automatically formatted to meet AIA standards, ensuring full compliance.
Complete applications with all required documents to avoid delays in payments and approvals.
G702/G703 forms are properly formatted, reducing errors and simplifying the billing process.
Automatically generate G702 and G703 forms, eliminating manual calculations and formatting. APARBooks ensures invoices are completed correctly, allowing for streamlined billing processes without the hassle of manually entering and formatting data.
Send your payment applications digitally for faster approval and signature collection. APARBooks integrates e-signatures with payment applications, allowing for quick approval by clients or stakeholders without the need for paper-based forms and mailing.
Send your AIA-style payment applications directly from our platform to clients and stakeholders. APARBooks streamlines the process, removing the need for manual emails or paperwork, enabling more efficient communication and faster payment cycles.
Bundle your invoices, lien waivers, and other supporting documents into one submission for clients. APARBooks ensures all necessary paperwork is included, streamlining your administrative work and ensuring compliance with all payment application requirements.
Feel free to contact us if you have any other questions. Reach us at support@aparbooks.com
G702 is the Application and Certificate for Payment. It summarizes contract value, retainage, previous payments, approved change orders, and the current amount requested.
G703 is the Continuation Sheet. It provides a line-by-line breakdown of work items (schedule of values), showing amounts completed to-date, this period, materials stored, and retainage detail.
Yes. APARBooks generates AIA-style G702 and G703 payment applications that match industry standards, including all required retainage and change order sections.
They complement each other: G703 feeds the detailed line-item values into G702. Without both, owners or architects may reject payment applications or delay certification.
At minimum, a complete AIA payment application package should include the following files in this order:
- G702 Form: Application and Certificate for Payment
- G703 Form: Continuation Sheet (Schedule of Values)
- Company Invoice: Your official invoice for the current payment
- Conditional Lien Waiver: For the current payment request
- Unconditional Lien Waiver: For the previous payment received
Retainage is typically calculated as a fixed percentage (e.g. 5% or 10%), withheld from completed work. Here's how it works:
In G703 (Continuation Sheet):
Retainage is applied line by line to the 'Work Completed', Each line's retainage is calculated as:
Retainage = Work Completed x Retainage Rate
In G702 (Summary Form):
G702 pulls the retainage totals from G703 and summarizes them on the lines labeled 'Retainage'
APARBooks auto-calculates these values for you, including partial release of retainage at project milestones or final billing.
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