What does G703 mean in construction?
Short definition
G703 is an AIA continuation sheet used with a payment application to show detailed line-item billing.
Longer explanation
It typically breaks the contract into schedule of values lines with previous work, current work, stored materials, retainage, and balance to finish.
Example in context
“The project team reviewed the G703 during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers