Pay application questions, answered straight
What's the difference between the G702 and the G703?
The G702 is the one-page summary: contract sum, change orders, retainage, and the current payment due. The G703 is the continuation sheet behind it — one line per schedule-of-values item, showing what's complete, what's stored, and what's left. You fill the continuation detail first; its grand totals flow up to the summary. PaperCrew builds both from the same entry.
How is retainage calculated on a pay application?
Retainage is a percentage the owner holds back from each payment until closeout — commonly 5% or 10%. It can be figured separately on completed work and on stored materials. PaperCrew rounds retainage to the cent on each line and then sums the lines, which avoids the rounding drift that trips up spreadsheets. On your final application, mark it final and the held retainage is released into the payment due.
What goes in "less previous certificates for payment"?
It's the total you have already billed on prior applications — specifically line 6 (total earned less retainage) from your last one. It's what was billed, not necessarily what the owner has paid yet. Your first application has none, so it's zero. Getting this line wrong is the most common pay-application error.
Can I use this instead of the official AIA G702?
PaperCrew produces an original, G702/G703-compatible format with the same fields and math — it is not an AIA document. Many owners and lenders accept a compatible pay application; some contracts specifically require the official AIA form. Check your contract, and when the official document is required, get it fromaiacontracts.com.