AIA Document G702, Application and Certificate for Payment, is the summary sheet of a progress billing on AIA contracts. It rolls up the totals from the G703 continuation sheet into a short calculation: original contract sum, net change by change orders, contract sum to date, total completed and stored to date, retainage, total earned less retainage, less previous certificates for payment, and current payment due. The contractor signs (often notarized), and the architect certifies the amount.
Why it matters
The G702 is what owners and lenders look at first. Every number must tie to the G703 and to approved change orders. If the math or the change order total is off, the whole application comes back.
Worked example
Illustrative, using Riverside Medical Center sample data: original contract sum $48,200,000; net change by change orders $1,186,400 ($1.1M prior plus CO #14 at $86,400); contract sum to date $49,386,400. If total completed and stored to date is $33,000,000 and retainage is 10%, retainage is $3,300,000 and total earned less retainage is $29,700,000. Subtract previous certificates of $27,620,640 and the current payment due is $2,079,360, which equals this period’s $2,310,400 less $231,040 retainage.
Common mistakes
- Change order total on the G702 that doesn’t match executed COs.
- Including unapproved change orders.
- Retainage line that doesn’t match the G703 total.
How os.construction handles it
We’re building the G702 as a generated view of the billing record, so its totals come from the same data as the G703 and the change order log.