When To Use
Use G702CW™ when a contractor on a cost-of-the-work project without a Guaranteed Maximum Price needs to apply for a progress payment. This document is suitable for any project size.
What It Does
G702CW provides contractors with a structured format for requesting progress payments and architects with a format for certifying amounts due. It pairs with the G703CW continuation sheet to provide owners and architects with a transparent record of project costs to date. This pay application should be used when the parties intend to show how actual costs differ from estimated costs and where funds may have been shifted or reallocated between line items via the Continuation Sheet.
Additional Information
This form is a tailored update for G702, designed specifically for cost-of-the-work projects. It is commonly referred to as an AIA billing form, progress billing form, or pay app.
