Which do you fill out first, G702 or G703?

Start with the G703 continuation sheet. Its column totals feed the G702 summary, so completing the detail first keeps the two sheets consistent.

What goes in column F on the G703?

Column F is materials presently stored that are not already included in columns D or E. Stored materials are billable only if your contract allows it, often with backup such as invoices or proof of insurance.

How do you calculate current payment due on G702?

Take total earned less retainage (line 6) and subtract previous certificates for payment (line 7). The result is the current payment due (line 8).

What is balance to finish?

Balance to finish is the scheduled value minus total completed and stored to date (column H on the G703). Line 9 of the G702 also adds retainage back to show the full remaining amount.

Can I fill out G702 and G703 in Excel?

Many subcontractors do, but formulas, prior-period carry-forward and change orders are common error points. Billing software automates those carry-forwards and checks.

FORMS & DOCUMENTS

How to fill out AIA G702 and G703

By DrawPrep editorial · Updated October 27, 2026 · 8 min read

A line-by-line walkthrough of the G702 summary and G703 continuation sheet, with a worked example showing how the numbers tie together.

KEY TAKEAWAYS

Fill out the G703 continuation sheet first; the G702 totals come from it.
Each G703 line shows scheduled value, previous work, this period, stored materials, total to date, percent complete, balance to finish and retainage.
G702 line 4 equals G703 column G total; current payment due is total earned less retainage minus previous certificates.
Reconcile the contract sum, change orders and previous payments before you submit.

How do you fill out G702 and G703?

Complete the G703 continuation sheet first, line by line, then carry its totals to the G702 summary. The G703 holds the detail; the G702 holds the math that turns it into a payment request.

G703 continuation sheet: column by column

Column	What to enter
A. Item no.	The line reference from your schedule of values.
B. Description of work	The scope covered by that line.
C. Scheduled value	The amount allocated to the line, including approved change orders added as lines.
D. From previous application	Work completed through the last period (previous D + E).
E. This period	Work completed in the current period.
F. Materials presently stored	Stored materials not included in D or E, if your contract allows billing them.
G. Total completed and stored to date	D + E + F.
% (G ÷ C)	Percent complete for the line.
H. Balance to finish	C − G.
I. Retainage	Used when retainage varies by line.

G702 summary: line by line

Original contract sum.
Net change by change orders. Total of approved change orders.
Contract sum to date. Line 1 + line 2; should equal G703 column C total.
Total completed and stored to date. G703 column G total.
Retainage. On completed work and on stored materials, at your contract rates.
Total earned less retainage. Line 4 − line 5.
Less previous certificates for payment. Line 6 from the prior application.
Current payment due. Line 6 − line 7.
Balance to finish, including retainage. Line 3 − line 6.

Worked example (illustrative)

A $150,000 subcontract with one approved $10,000 change order and 10% retainage. Previous applications billed $60,000 of work. This period adds $30,000 of work and $5,000 of stored materials.

G702 line	Amount
3. Contract sum to date	$160,000
4. Completed and stored to date	$95,000
5. Retainage (10%)	$9,500
6. Total earned less retainage	$85,500
7. Less previous certificates	$54,000
8. Current payment due	$31,500
9. Balance to finish incl. retainage	$74,500

Mistakes to check before you submit

Column D not matching the previous application's total to date.
Any line over 100% complete.
Change orders billed before they are approved.
G702 line 4 not equal to the G703 column G total.
Missing lien waivers or stored-material backup.

Use the full pre-submission pay application checklist, and learn how retainage is calculated.

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Frequently asked questions

Which do you fill out first, G702 or G703?: Start with the G703 continuation sheet. Its column totals feed the G702 summary, so completing the detail first keeps the two sheets consistent.
What goes in column F on the G703?: Column F is materials presently stored that are not already included in columns D or E. Stored materials are billable only if your contract allows it, often with backup such as invoices or proof of insurance.
How do you calculate current payment due on G702?: Take total earned less retainage (line 6) and subtract previous certificates for payment (line 7). The result is the current payment due (line 8).
What is balance to finish?: Balance to finish is the scheduled value minus total completed and stored to date (column H on the G703). Line 9 of the G702 also adds retainage back to show the full remaining amount.
Can I fill out G702 and G703 in Excel?: Many subcontractors do, but formulas, prior-period carry-forward and change orders are common error points. Billing software automates those carry-forwards and checks.