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Bank-Ready AIA G702 / G703 EngineAudit-Proof Progress Billing

AIA G702 Construction Draw & Progress Billing Calculator

Calculate your bank draw request, certified retainage withholdings, and exact current payment due according to standard American Institute of Architects (AIA) G702 / G703 payment application rules.

Contract & Draw Parameters

Line 1: Original Contract Sum ($)

Line 2: Net Approved Change Orders ($)

Work Completed Prior Draws ($)

Work Completed This Period ($)

Materials Stored (Not in Work) ($)

Retainage Withholding Rate (%)

Line 7: Less Previous Certificates for Payment ($)

Line 8 Certification Result

$81,000

Current Payment Due to Contractor

Line 3: Revised Contract Sum:$517,500

Line 4: Total Completed & Stored:$330,000 (63.8%)

Line 5: Retainage Withheld (10%):-$33,000

Line 6: Total Earned Less Retainage:$297,000

Line 9: Balance to Finish (with Retainage):$220,500

Official Excel System

$7.20$9-20%

G702 / G703-Style Pay Application Workbook

G703-style schedule of values, a G702-style payment summary, retainage and a change order register, all calculated from your entries.

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How AIA G702 Progress Billing Works

The AIA G702 Application and Certificate for Payment is the construction industry's gold standard document for general contractors requesting progress payments from project owners or commercial construction lenders.

AIA G702 Summary Page

Summarizes the contract sum, total completed work to date, stored materials, retainage withheld (typically 5% or 10%), previous draw certificates, and the net current payment due.

AIA G703 Continuation Sheet

Breaks down the project into a detailed Schedule of Values (SOV) by line item or trade (CSI division), detailing scheduled value, prior work, work this period, and stored materials.