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G702 G703 Form Download
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People also ask
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Who fills out the G701 form?
All parties involved should sign the G701 change order form for approval to be valid. All relevant parties should sign each change order to be considered an amendment to the contract. Appropriate parties include the contractor, owner, and even the architect.
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What is a G702 document?
The G702 form is an payment application, or billing form, used as a summary sheet of billing progress. Subcontractors will use it to request payment from a general contractor; and a general contractor will use it to request payment from the owner.
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How to calculate current payment due on 702?
Current Payment Due: Subtract line 7 from line 6 to calculate the total you're expecting to bill for this pay period. Balance to Finish Including Retainage shows how much is left to be paid on the project. To calculate this amount, subtract the amount in line 3 from the amount in line 6.
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Who fills out a G702?
Architects, project managers, or property owners complete this section once they have reviewed and paid for the amounts in the Pay Application.
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Does G702 need to be signNowd?
The Contractor should sign G702®, have it signNowd, and submit it, together with G703, to the Architect. The Architect should review G702® and G703 and, if they are acceptable, complete the Architect's Certificate for Payment on G702®.
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What are G702 and G703 forms?
The G702 (Application and Certificate for Payment) is like the summary page of an invoice. It shows the total value of your contract, how much work has been done, contract changes, and how much you're asking to be paid now. The G703 (Continuation Sheet) supports the G702 by providing a detailed work breakdown.
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Who signs the 702?
The Contractor should sign G702®, have it signNowd, and submit it, together with G703, to the Architect. The Architect should review G702® and G703 and, if they are acceptable, complete the Architect's Certificate for Payment on G702®.
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