What does G707A mean in construction?
Short definition
G707A is an AIA form used when a surety consents to reducing or partially releasing retainage.
Longer explanation
It can be used before final payment when retained funds are being reduced and surety involvement is required by the contract or bond documents.
Example in context
“The project team reviewed the G707A during the construction phase.”
Common users
- Owners
- Architects
- Contractors
- Construction managers