Guides

How to Fill Out a G702/G703-Style Pay Application — Column by column and line by line: schedule of values, this period, stored materials, retainage, previous certificates and payment due.
How Retainage Works on Construction Payments — What retainage is, typical 10% and 5% rates, retainage on stored materials, reductions and release — with the arithmetic.
Stored Materials on a Subcontractor Pay Application — How column F (materials presently stored) is billed, how retainage on stored materials is calculated, and what to change when those materials are installed.
Change Orders on a Subcontractor Pay Application — How approved change orders appear on a G702/G703-style application: new continuation-sheet lines, line 2, deducts, and keeping the contract sum tied to the schedule of values.
How to Bill a Retainage Release on a Final Pay Application — Billing the retainage you're owed at the end of a job: what the final G702-style application looks like, a worked example, partial releases, and what to attach.

Tools