Minutes, Not Hours
Import your schedule of values once. Each month, just update completion percentages. DrawBill handles the math and generates your G702/G703 automatically.
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Every month, the same story: dig through spreadsheets, manually calculate percentages, chase down change orders, and pray you didn’t miss something on the schedule of values. One math error and you’re explaining yourself to the GC — or worse, waiting another 30 days for payment.
Construction billing shouldn’t take half a day every month. But between tracking completed work, calculating retainage, and formatting everything to match the AIA forms, it does.
Never Miss a Change Order
Track approved changes alongside your original contract. They flow into your pay app automatically — no more scrambling at month-end.
Math That's Always Right
Retainage calculations, stored materials, previous payments — DrawBill does the arithmetic so you don't have to double-check formulas in Excel.
Professional PDFs, Every Time
Generate clean, print-ready AIA forms that GCs and owners actually want to approve. No more hand-editing templates. ---
What Are AIA G702 and G703 Forms?
The AIA G702 (Application and Certificate for Payment) and G703 (Continuation Sheet) are standardized forms published by the American Institute of Architects. They’re the industry standard for requesting progress payments on construction projects across the United States.
The G702 is the summary page. It shows the original contract sum, approved change orders, total completed work, retainage, and the current amount due. The owner or general contractor signs this form to authorize payment.
The G703 is the detailed backup. It breaks down the project by line item (the “schedule of values”), showing what percentage of each work category is complete and how much has been billed to date.
Together, these forms create a clear paper trail of who did what work, when they did it, and how much they’re owed.
Why are they so widely used?
Standardization reduces disputes. When everyone uses the same format, there’s no confusion about how to calculate amounts or where to find information. Banks, owners, and general contractors trust AIA forms because they’re consistent and auditable.
Why are they painful to fill out?
The forms themselves are straightforward, but the data entry isn’t. A typical G703 might have 50-200 line items. Each month, you need to:
- Update completion percentages for every line item
- Calculate the value of work completed this period
- Track materials stored but not yet installed
- Apply retainage (typically 5-10%) correctly
- Account for previous payments
- Incorporate any approved change orders
- Make sure everything balances
Most contractors do this in Excel or by hand-editing PDF templates. It works, but it’s slow, error-prone, and frustrating — especially when you’re trying to close out the month and get paid.
What happens when you make a mistake?
A math error on your pay application doesn’t just delay your payment — it damages your credibility. GCs notice when your numbers don’t add up. Repeated errors can get you flagged as a problem subcontractor, affecting future work.
Worse, billing errors can cascade. If you overbill one month and have to credit it back the next, you’ve now got a cash flow problem and an accounting headache.
DrawBill eliminates these problems by automating the calculations and validating your data before you submit.
Frequently Asked Questions
What is a pay application in construction?
A pay application (also called a draw request or progress billing) is a formal request for payment submitted by a contractor or subcontractor. It documents the work completed during a billing period and calculates the amount owed. Most commercial construction projects use AIA G702/G703 forms as the standard format for pay applications.
What's the difference between G702 and G703?
The AIA G702 is the summary and certification page — it shows totals and requires signatures from the contractor and architect/owner. The G703 is the continuation sheet that provides line-by-line detail for each work item in your schedule of values. You need both: the G703 provides the backup data, and the G702 summarizes it for approval.
How do I calculate retainage on a pay application?
Retainage is a percentage (typically 5-10%) withheld from each payment as security until project completion. To calculate: multiply your total completed work by the retainage percentage. This amount is subtracted from your current payment and held by the owner until final completion or a specified milestone. Some contracts reduce retainage to 5% after 50% completion.
Can I use AIA forms without being an AIA member?
Yes. While the American Institute of Architects publishes these forms, any contractor can purchase and use them. You can buy individual forms or subscribe to AIA Contract Documents for unlimited access. Many contractors use software that generates AIA-formatted documents without requiring separate form purchases.
How often should I submit pay applications?
Most construction contracts specify monthly billing cycles, typically tied to the project schedule. Submit your pay application at the same time each month (often the 25th or last day of the month) to maintain consistent cash flow. Check your contract for specific submission deadlines — missing them can delay payment by an entire billing cycle.
What is a schedule of values?
A schedule of values (SOV) is a detailed breakdown of your contract price by work category or trade. Each line item has a dollar value, and the total equals your contract amount. The SOV is established at project start and becomes the basis for all progress billing. A well-structured SOV makes monthly billing easier and reduces disputes about percentage complete. ---
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