What does G702 mean in construction?
Short definition
G702 is an AIA payment application form used to request and certify progress payment.
Longer explanation
It summarizes contract amount, completed work, stored materials, retainage, previous payments, current payment due, and balance to finish.
Example in context
“The project team reviewed the G702 during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers