G702
line-by-line
plain English
G702 Line-by-Line Explanation
The G702 is the summary cover sheet that rolls up totals from your continuation detail (your G703/SOV). Reviewers don’t want “close enough.” They want totals that tie out cleanly, every month.
PayAppPro outputs are AIA-style only and are not licensed AIA documents.
AIA®, G702® and G703® are registered trademarks of the American Institute of Architects.
What the G702 Actually Does
Think of the G702 as the “owner-friendly” summary of your pay application. It answers:
- What’s the contract value right now (including approved change orders)?
- How much work has been completed and stored to date?
- How much retainage is being withheld?
- How much has been paid previously?
- What’s due on this application?
Key concept: The G702 is only as good as the numbers feeding it.
Those numbers come from the G703 continuation sheet (your Schedule of Values).
The Tie-Out Checks Reviewers Use
Before we go line-by-line, here are the checks that catch most problems:
- G702 totals match G703 totals (completed & stored to date, retainage, amount due).
- SOV total equals current contract sum (original contract + approved change orders).
- Previous totals do not change month-to-month (this month’s “previous” equals last month’s “to date”).
- No line item has to-date > scheduled value unless the scheduled value was updated via approved CO.
- Stored materials are backed up and don’t magically stay “stored” forever.
G702 Line-by-Line (Plain English)
Note: Exact labeling can vary by project templates. The logic is the same: contract value → earned → retainage → prior payments → amount due.
Lines 1–3: Contract Value
- Line 1 – Original Contract Sum: the starting dollar amount in the executed contract/subcontract.
- Line 2 – Net Change by Change Orders: the total of approved COs (adds and deductions).
- Line 3 – Contract Sum to Date: line 1 + line 2. This must match the total scheduled value of your SOV.
Lines 4–5: Work Completed & Stored
- Line 4 – Total Completed & Stored to Date: cumulative work installed + materials stored (if allowed). This should tie to the G703 totals.
- Line 5 – % of Completion: line 4 ÷ line 3. It’s a sanity check (not a substitute for line-item support).
Related: How to bill stored materials
Line 6: Retainage
Retainage is the amount withheld per contract terms. Where people get into trouble is applying it inconsistently: by line item one month, then summary-only the next, or applying it differently to stored materials.
- Line 6 – Retainage: the withheld amount based on contract rules (percentage, exclusions, releases).
Line 7: Earned Less Retainage
- Line 7 – Total Earned Less Retainage: line 4 minus line 6. This is the “earned value” after withholding.
Line 8: Previous Payments
- Line 8 – Less Previous Certificates for Payment: total of prior approved payments/certificates.
Reviewer tip: this number should never change unless there was a correction to payment history.
Line 9: Payment Due This Application
- Line 9 – Payment Due: line 7 minus line 8. This is the amount you’re requesting now.
Most common kickback: Line 9 doesn’t tie to the G703 totals or the waiver amounts don’t match the requested amount.
Line 10: Balance to Finish
- Line 10 – Balance to Finish: line 3 minus line 4. It’s a contract-level “what’s left” number.
Common G702 Mistakes That Trigger Rejections
- Contract sum mismatch: COs approved but not reflected in line 2/3 and the SOV.
- G702/G703 mismatch: summary totals don’t match the continuation sheet totals.
- Previous totals changed: someone edited a prior month number.
- Retainage inconsistency: retainage applied differently month-to-month.
- Stored materials confusion: billed without backup or never reduced when installed.
How PayAppPro Helps (Without Spreadsheet Drama)
- Keeps your SOV, previous totals, and current period entries tied together
- Rolls G703 line totals into a clean G702-style summary automatically
- Helps prevent over-billing beyond scheduled values
- Reduces “revise and resubmit” errors caused by broken formulas
Create a Pay App That Ties Out
AIA-style outputs. Built-in checks. Fewer kickbacks.
FAQ
Yes. The G702 is a rollup. If your G702 totals don’t tie to your G703/SOV totals, reviewers typically kick it back.
Start with the SOV total vs contract sum (including approved COs), then confirm previous totals carry forward unchanged, then tie G703 totals into G702.
Sometimes. It depends on the contract and owner/lender rules. The key is to apply the same rule consistently every billing period and keep backup for stored materials.