AIA G702 & G703: Payment Applications Explained
The G702/G703 pair is the standard pay application contractors submit each draw. Here's what each form does, how they connect to lien waivers, and how to keep your draw package clean.
Free G702 / G703 Excel Template
Download our editable AIA-style G702 Application for Payment and G703 Continuation Sheet (Schedule of Values) template — formula-driven and ready for your next draw. Free, just tell us where to send it.
The G702/G703 Pay Application Package
The AIA G702 (Application and Certificate for Payment) and G703 (Continuation Sheet) together form the standard payment application used across most commercial construction projects. They're submitted each draw period — typically monthly.
What G702 Tracks
- Original contract sum
- Net change by change orders
- Contract sum to date
- Total completed and stored to date
- Retainage
- Previous payments and current payment due
What G703 Tracks
The G703 is the line-item breakdown. Each row represents a portion of the work (often mapped to CSI codes), with columns for:
- Scheduled value
- Work completed from previous application
- Work completed this period
- Materials presently stored
- Total completed and stored to date (and % complete)
- Balance to finish and retainage
How Lien Waivers Fit In
Most owners and construction lenders require a matching conditional lien waiver for the current draw amount before issuing payment. After the payment clears, an unconditional waiver is exchanged for the prior period. Your waiver amounts must reference the same contract sum, prior payments, and current draw shown on the G702.
Speeding Up the Waiver Side
Re-typing project and contract data every month is the slowest part of pay-app prep. WaiverPilotPRO generates conditional and final waivers of lien that mirror your G702/G703 numbers — and Pro saves the project so you only enter it once.
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