Printable blank G703 Form
What is the g703 form?
The g703 Form has to be attached to the g702 Form. Together, they provide a convenient way for the Contractor to apply for payments and Architect to certify it.
What I need g703 form for?
You need this form if you want to establish the relation between Contractor and Owner. The g703 Form is the part of AIA documents and has to be attached to the g702 Form. It shows:
- The status of the contract sum to date;
- The amount of retainage;
- All previous payments;
- Summary of change in previous orders;
- The amount of current payment requested.
Filling out g703 form
The main purpose of the g703 form is to manage the financial relations between Contractor and Owner, therefore, there's a lot of space to fill in. On the first page, you can find detailed instructions on how to submit the Form. Firstly, you need to fill the table with 9 columns:
- Item Number;
- Work Description;
- Scheduled value;
- Completed work (from other application);
- Completed work (current period);
- Stored materials (presently);
- Stored materials (total);
- Balance;
- Retainage.
The second sheet is the Application and Certificate for Payment that covers the total sums of the contract.
Organizations that work with g703 form
Architectural and Development companies
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