G702 Calculator Example only

G702 Calculator (AIA-Style Example)

Quick answer:

This calculator estimates the pay app “payment due” using common G702-style math: (Completed + Stored to Date − Retainage) − Prior Payments. It’s an educational example (not an official AIA form).

PayAppPro generates AIA-style outputs and is not affiliated with or endorsed by the American Institute of Architects (AIA). AIA®, G702® and G703® are registered trademarks of the AIA. Official AIA Contract Documents are offered by ACD Operations, LLC.
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This calculator mirrors the math reviewers expect on many AIA-style pay application cover sheets: contract value, completed work, stored materials, retainage, prior payments, and the current payment due.

If you need a “what it looks like when filled out” reference, see: G702 example (filled out). If you keep getting kicked back, use: rejection checklist.

If you are still building the line-item structure behind your pay app, start with a free Schedule of Values Builder or download the free SOV template.

AIA-Style Calculator Inputs

Enter your values below and click Calculate. Watch the warnings—most reviewer kickbacks are visible right here.

Project & Contract
$
$
Use negative values if approved changes reduce the contract.
Progress & Stored Materials
$
$
$
Tip: stored can be positive or negative if stored materials are being installed (stored decreases as work-in-place increases).
Retainage & Prior Payments
%
Common: 5% or 10% (but follow your contract).
$

Educational illustration only. This page does not generate official AIA documents.

AIA-Style Results (Example Only)

These results illustrate common G702-style math. Always follow your project’s contract requirements.

Not calculated
Contract Summary
1. Original Contract Sum $0.00
2. Net Change by Change Orders $0.00
3. Contract Sum to Date $0.00
Work Completed & Stored
4. Total Completed & Stored to Date $0.00
5. Percentage of Completion 0.0%
Retainage
6. Retainage $0.00
Earned Less Retainage
7. Total Earned Less Retainage $0.00
Payments
8. Less Previous Certificates for Payment $0.00
9. Payment Due This Application $0.00
10. Balance to Finish $0.00

Want the full workflow (SOV rollforward, retainage consistency, clean PDFs)? Generate a pay app in PayAppPro.

Also useful: filled-out example · rejection checklist · free SOV builder

How This Calculator Works

This page follows the familiar structure of many AIA-style G702 cover sheets. It helps you understand how contract value, work completed, stored materials, retainage, and prior payments roll into the amount due for a billing period.

Typical payment due formula
(Completed + Stored to Date − Retainage) − Prior Payments
On real projects, the “hard part” is consistency across periods and tying totals back to the continuation sheet (G703/SOV).

On real projects, the math on the cover sheet only works if the underlying Schedule of Values is structured well. If your continuation sheet is messy, the summary will usually be messy too.

Start with a clean SOV template or use the free Schedule of Values Builder if you want a cleaner way to build the line items before calculating payment due.

If you’re aligning pay apps with accounting (especially QuickBooks), the approval gap is where things drift: progress billing in QuickBooks Online.

FAQ

Short answers for common “why is this number weird?” moments.

No. This calculator is an educational, AIA-style example to help illustrate common pay application math. It is not an official AIA document and does not reproduce copyrighted AIA forms.

It follows typical G702-style logic: Contract Sum to Date = Original Contract + Net Change Orders. Total Completed & Stored to Date = Previous Completed + This Period Work + Stored This Period. Retainage = Total Completed & Stored × Retainage %. Earned Less Retainage = Total Completed & Stored − Retainage. Payment Due = Earned Less Retainage − Previous Certificates.

A negative result usually means previous payments/certificates exceed earned-to-date after retainage, or an input is off. On real projects, it can also indicate overpayment, a correction, or a timing mismatch between approval and invoicing.

Not necessarily. In many workflows, stored materials should decrease as materials are installed and move into work-in-place. If stored only increases and never backs out, reviewers often flag it as double counting.
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Need Full AIA-Style Pay Applications?

PayAppPro keeps your Schedule of Values, retainage, and rollforward consistent across billing periods and generates clean, submission-ready PDFs.

If you are still organizing the project breakdown itself, start with the free SOV Builder or our free Schedule of Values template.

Start for $7.99 AIA Billing Software