Guides

How to fill out a G702-style application for payment — Line-by-line walkthrough of an AIA-style G702 application for payment: contract sum, change orders, retainage, previous certificates and current payment due.
What is retainage in construction, and how is it calculated? — Retainage explained: typical rates, retainage on stored materials, reduced retainage at 50% complete, how it shows on a pay application and how it's released.
Schedule of values: what it is and how to build one — How to build a construction schedule of values for progress billing: line items, general conditions, change orders, front-loading and how it feeds the G703 continuation sheet.
Billing for stored materials on a pay application — How to bill materials presently stored (column F) on a G703-style continuation sheet, what documentation GCs ask for, and how stored materials move into completed work.
How to show change orders on a pay application — Change orders on a G702/G703-style pay application: adding CO lines to the continuation sheet, the change order summary, deductive changes and keeping line 3 balanced.

Tools