G702 vs G703 — what each document does
AIA G702 — Application and Certificate for Payment
The G702 is the summary document. It shows: original contract sum, net change by approved change orders, current contract value, work completed to date (dollar amount), materials stored on site or off site, subtotal (completed + stored), less retention withheld, previous certificates issued, and the balance due this application. The GC's authorized representative signs and certifies it before it goes to the owner or owner's lender.
AIA G703 — Continuation Sheet
The G703 is the line-by-line backup. Every line item in the schedule of values appears here with its scheduled dollar value, work completed this period, work completed to date, materials stored, total completed to date (percentage), balance to finish, and retention withheld. When a GC is reviewing a glazing pay application, the G703 is where the real verification happens — each line item is checked against field observations.
Division 08 schedule of values — how ACG breaks it down
The schedule of values for a glazing scope needs to reflect the actual cost structure of the work. A schedule of values that does not reflect this will cause billing disputes.
| Line item | Typical % of contract | When billable |
|---|---|---|
| Mobilization | 3–5% | When ACG mobilizes to site |
| Bonds & insurance | 1–2% | At contract execution |
| Engineering & submittals | 4–7% | When submittals approved |
| Frame fabrication | 18–25% | When material released / stored |
| Glass procurement | 18–24% | When material released / stored |
| Hardware procurement | 4–8% | When material on order / stored |
| Installation labor — frame | 15–20% | Percentage complete per period |
| Installation labor — glass | 10–15% | Percentage complete per period |
| Installation labor — hardware / doors | 4–7% | Percentage complete per period |
| Field testing (AAMA 502) | 1–3% | When test performed |
| Project management | 3–5% | Prorated over project duration |
| Demobilization / punchlist / closeout | 2–4% | At substantial completion / final |
Stored materials — how it works for glazing
Glazing is one of the few trades where stored materials billing is both common and significant. They may be complete and in a warehouse for 4–8 weeks before the building is ready for installation. ACG is entitled to bill for stored materials during that period.
To bill stored materials on an AIA pay app, ACG must provide: (1) evidence that materials were paid for or have a lien waiver from the supplier, (2) confirmation that materials are insured (ACG's inland marine policy covers stored materials in transit and in storage), and (3) location of storage and, if requested, a site visit for the GC to verify. The GC reviews and certifies the stored materials amount on the G702 before passing to the owner.
Off-site stored materials
If materials are stored off-site (at the manufacturer's warehouse or ACG's yard), the GC and owner may require a stored materials agreement and evidence of insurance. Some subcontracts require a UCC filing for off-site materials. ACG provides all required documentation when billing for off-site stored materials. The subcontract terms govern what is required — review this before signing.
Retention — Florida-specific rules
Florida Statute 715.12 governs retainage on private construction contracts. Key provisions relevant to ACG's Division 08 work:
- Retainage cannot exceed 10% before 50% project completion
- After 50% completion and satisfactory progress, retainage reduces to 5%
- Final retainage must be released within 30 days of final completion and acceptance
- GCs who fail to pay within 7 days of receiving owner payment are liable for interest at 1% per month and attorney's fees
- Retainage withheld from ACG cannot exceed the retainage the GC holds from the owner on ACG's scope (see authority for current statutory text — FL Stat 715.12)
On public projects, the Florida Local Government Prompt Payment Act and the Florida Prompt Payment Act (FL Stat 255.073) impose stricter deadlines. ACG tracks retention balance and compliance dates on every project.
Pay application review — what GCs check
When reviewing an ACG pay application, a GC's project accountant or PM should verify: (1) the percentage complete for each line item matches site observations, (2) stored materials are documented, (3) change orders are properly included, and (4) retention calculation is correct. If a GC disagrees with a line item, the correct process is to notify ACG in writing with the specific amount in dispute and a reason — not to hold the entire application.
Frequently asked questions
What is the G702 form used for in glazing?
The G702 is ACG's monthly summary document showing total contract value, work completed, stored materials, retention, and net amount due. The GC certifies it before passing to the owner.
What is a typical Division 08 schedule of values breakdown?
See the table above. Fabrication and glass procurement typically account for 36–49% of contract value. Installation labor totals 29–42%. Engineering, PM, and closeout cover the remainder.
Can ACG bill for stored materials?
Yes. ACG bills for stored materials when custom-fabricated frames or glass are complete and waiting for installation. Documentation required: paid invoices or supplier lien waivers, insurance evidence, and storage location.
How does retention work in Florida?
Under FL Stat 715.12, retention is 10% before 50% completion, then drops to 5%. Final retainage must be released within 30 days of final completion. Interest and attorney's fees apply to late payment. See the statute for current values.
What is front-loading the schedule of values?
Front-loading means placing high values on early-project line items (procurement, mobilization) relative to later installation work. Extreme front-loading is a red flag.
When does ACG submit pay applications?
ACG submits monthly, typically on the 25th–30th for the prior month's work, or per the date stipulated in the subcontract. Under FL Stat 715.12, GCs must pay ACG within 7 days of receiving owner payment for the billed scope.
What happens if the GC disputes a line item?
The GC notifies ACG in writing with the specific disputed amount and reason. The undisputed portion should be paid on schedule. ACG does not accept blanket holds on pay applications without written, itemized explanation of the disputed amount.
Send drawings to ACG
ACG provides detailed schedule of values with every subcontract. We can preview the G703 breakdown before contract execution so there are no surprises at the first pay application. FL CGC #1531993.