AIA-style pay apps Schedule of Values Progress billing

AIA G703 Continuation Sheet (G703 Form)

The G703 continuation sheet is the line-by-line detail behind your pay app: your Schedule of Values (SOV), progress this period, stored materials, retainage, and balance-to-finish — the numbers reviewers use to sanity-check the request for payment.

Quick answer:

G703 = detail. It lists your SOV and tracks previous / this period / to date progress (plus stored materials and retainage). The G702 summary rolls these totals up to the project level. If you need the end-to-end workflow (not just definitions), start here: AIA billing software workflow.

PayAppPro outputs are AIA-style only and are not licensed AIA documents. Official AIA Contract Documents are offered by ACD Operations, LLC. AIA®, G702® and G703® are registered trademarks of the American Institute of Architects.

Keep the SOV clean. Keep the math consistent. Export PDFs that reconcile.

Need the whole workflow (not just the definition)?

Build your SOV once, update progress each billing period, keep G703 detail aligned with the G702 summary, and export clean PDFs.

G703 + G702 work together

G703 is the line-item detail (SOV). The AIA G702 is the summary page where totals roll up.

What Is the AIA G703 Continuation Sheet?

The G703 continuation sheet is where your pay application gets its detail. It lists your project’s Schedule of Values (SOV) line items — descriptions, scheduled values, work completed, stored materials, retainage, and balance to finish.

Simple rule: the bottom totals on the G703 should tie directly to the related totals on the G702 summary. If they don’t match, approvals usually stall.

PayAppPro lets you build an AIA-style G703 online, keep your SOV organized across billing periods, and apply retainage and change orders consistently — without spreadsheet drift.

What the G703 Tracks
  • SOV line descriptions & scheduled values
  • Work completed (previous and this period)
  • Materials presently stored
  • Total completed & stored to date
  • Retainage and balance to finish
Important note

This page explains the G703 concept and typical structure. PayAppPro generates an AIA-style document and does not provide the official AIA G703 form.

Typical G703 Columns (What reviewers expect to see)

The exact headings vary by template, but the logic is consistent: each SOV line rolls forward from prior periods, adds “this period,” includes stored materials when allowed, applies retainage, and shows the balance to finish.

If your columns don’t support “previous / this period / to date,” you’re basically asking for a kickback.
Column What it means
Item / Description One SOV line (scope package / trade item).
Scheduled Value The approved value for that SOV line (including approved changes assigned to it).
Work Completed Usually split into previous and this period.
Materials Stored Stored materials currently billed but not installed (if allowed by the project).
Total Completed & Stored to Date The line’s “to date” total used for roll-up to G702.
Retainage Retention held for the line (rules vary). Retainage consistency matters more than people admit.
Balance to Finish Scheduled value minus total completed & stored to date (with or without retainage depending on format).
Want the “why retainage causes drift” view? See: what is retainage in construction.

Stored Materials: the part that breaks G703 math

Stored materials should behave like a transfer, not a pile that grows forever. If you bill materials as “stored” in one period and then install them later, your stored value should generally decrease as work-in-place increases — keeping the line’s “to date” total accurate.

Common kickback: stored materials are billed, then never backed out when installed — creating double-count risk.

Stored materials “gotchas”

  • Billed without backup (invoices, photos, releases)
  • Stored values counted twice across periods
  • Stored not clearly separated from installed work
  • Retainage applied inconsistently to stored vs installed

G703 Resources

Choose your next step: learn the form, build a better SOV, or avoid rejections.

Most Common G703 Problems (and why reviewers reject them)

  • Line total exceeds scheduled value (overbilling)
  • Stored materials never move into work-in-place (double-count risk)
  • Retainage applied inconsistently across lines or periods
  • Change orders missing from SOV so contract sums don’t match
  • Totals don’t tie to G702 (carryforward / formula drift)

How PayAppPro helps reduce mistakes

  • Single source of truth for SOV + totals
  • Automatic carryforward each pay app
  • Guardrails against overbilling
  • Retainage consistency by design
  • Clean, reviewer-friendly PDFs

Build an AIA-Style G703 in Minutes

Create your SOV, update progress, let the math behave, export the PDF.

1. Enter SOV Line Items

Add descriptions and scheduled values (or import). Keep the SOV structured and readable.

2. Update Work & Stored

Track work completed and stored materials by line. Retainage stays consistent automatically.

3. Export & Submit

Download the PDF and submit with your G702 summary and required backup docs.

FAQ: AIA G703

Short answers for when you’re staring at a deadline.

The G703 is the line-item detail page of an AIA-style pay application. It lists the Schedule of Values (SOV) and tracks progress each period: work completed, stored materials, retainage, and balance to finish.

The G703 provides the detailed values that roll up into the G702 summary page. If G703 totals don’t tie out, the payment summary can’t reconcile and approvals often slow down.

Typical columns include item number, description, scheduled value, work completed (previous and this period), materials presently stored, total completed and stored to date, retainage, and balance to finish.

Stored materials are billed separately from installed work. As materials get installed, the stored amount should decrease while work-in-place increases, keeping the line’s total completed and stored to date accurate.

Common issues include line totals exceeding scheduled value, stored materials not backed out when installed, inconsistent retainage, change orders not reflected in the SOV, and totals that don’t match the G702 summary.

No. PayAppPro generates AIA-style pay application documents that follow a G703-style structure, but it does not provide official AIA Contract Documents offered by ACD Operations, LLC. AIA®, G702®, and G703® are registered trademarks of the American Institute of Architects.

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