Synopsis.
AIA Document G702S®–2017, Application and Certificate for Payment, and G703S®–2017, Continuation Sheet, provide convenient and complete forms on which the subcontractor can apply for payment. The forms require the subcontractor to show the status of the contract sum to date, including the total dollar amount of the work completed and stored to date, the amount of retainage (if any), the total of previous payments, a summary of change orders, and the amount of current payment requested.
AIA Document G703S-2017 breaks the contract sum into portions of the work in accordance with a schedule of values prepared by the subcontractor as required by the general conditions. For all document details and a record of changes, see the summary »
Note: The AIA does not publish a standard schedule of values form.
Using G702S®–2017.
After the Subcontractor has completed AIA Document G703S, Continuation Sheet, summary information should be transferred to AIA Document G702S®, Application and Certificate for Payment.
The Subcontractor should sign G702S®, have it notarized, and submit it, together with G703S, to the Contractor.
Making Payment
The Contractor should make payment directly to the Subcontractor based on the amount on AIA Document G702S®, Application and Certificate for Payment. The completed form contains the name and address of the Subcontractor. Payment should not be made to any other party unless specifically indicated on G702S®.
Executing the document.
Persons executing AIA Document G702S®–2017 should indicate the capacity in which they are acting (i.e., president, secretary, partner, etc.) and the authority under which they are executing the document. Where appropriate, a copy of the resolution authorizing the individual to act on behalf of the firm or entity should be attached.
Important.
Modifications. Particularly with respect to professional or contractor licensing laws, building codes, taxes, monetary and interest charges, arbitration, indemnification, format and font size, AIA Contract Documents may require modification to comply with state or local laws. Users are encouraged to consult an attorney before completing or modifying a document.
Reproductions. This document is a copyrighted work and may not be reproduced or excerpted from without the express written permission of the AIA. There is no implied permission to reproduce this document, nor does membership in The American Institute of Architects confer any further rights to reproduce this document. For more information, see the document footer and the AIA Contract Documents® Terms of Service.