Review AIA G702 & G703 Forms with AI
Verify contractor billing and catch overbilling in AIA payment applications.
Upload your AIA G702 (Application for Payment) and G703 (Continuation Sheet) forms for instant AI analysis. Our tool verifies schedule of values, checks percentage completion against actual work, and identifies common billing issues before you approve payment.
Invoice Analyzer
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Understanding AIA G702 and G703 forms
The AIA G702/G703 are the industry-standard forms for contractor payment applications on commercial construction projects. The G702 serves as the summary page showing the total amount due, while the G703 continuation sheet provides the line-by-line breakdown of the schedule of values.
These forms require careful review because they contain multiple calculated fields that must reconcile: scheduled values must match the contract sum plus approved changes, work completed must be verified against actual progress, and retainage calculations must be accurate.
Common issues found in AIA G702/G703 review include:
- Front-loaded billing - Contractors billing disproportionately high percentages on early work items
- Overbilled materials - Materials stored listed at higher values than actual cost
- Percentage manipulation - Completion percentages that don't match actual work in place
- Change order errors - Approved changes not properly reflected in the schedule of values
- Mathematical errors - Calculation mistakes in totals, retainage, or balance to finish
folio's AI analyzer is trained on thousands of AIA forms and can identify these issues in seconds, giving you the leverage you need before you approve payment.
Frequently asked questions
What is an AIA G702 form?
AIA G702 is the "Application and Certificate for Payment" form used in construction. It is the summary page showing the original contract sum, approved change orders, total completed work, retainage, and current payment due. The G702 provides a financial overview and specifies the payment amount being requested.
What is an AIA G703 form?
AIA G703 is the "Continuation Sheet" accompanying the G702. It provides line-by-line detail of the schedule of values: each item's description, scheduled value, previous work, current work, materials stored, total completed, percentage complete, balance to finish, and retainage. Most billing discrepancies are found in the G703.
How does the AI review AIA G702 and G703 forms?
Upload your AIA G702/G703 PDFs and our AI extracts all data—schedule of values, work completed, materials stored, retainage calculations. It analyzes for common issues: completion percentages not matching work in place, front-loaded billing, improper change order handling, and mathematical errors. You receive specific questions and negotiation points.
What common issues does the analyzer catch in AIA forms?
The analyzer identifies: (1) Front-loaded billing with disproportionate early completion, (2) Overbilling on materials stored, (3) Percentage complete exceeding actual progress, (4) Mathematical errors in totals and retainage, (5) Change orders not properly reflected, and (6) Inconsistencies between G702 summary and G703 details.
Can I use this for non-AIA billing formats?
Yes. While optimized for AIA G702/G703 forms, it works with any construction invoice or pay application format. Our AI adapts to different document structures and extracts relevant billing data regardless of format.
How accurate is the AIA form analysis?
Our AI is specifically trained on AIA G702/G703 form structures and construction billing patterns. It catches calculation errors, identifies billing anomalies, and flags issues for investigation. Use it as a thorough first-pass review that augments your professional judgment.
Can I analyze G702/G703 forms from multiple pay periods?
Yes. You can analyze forms from any pay period. Each analysis is independent, but comparing results across periods helps identify billing trends and patterns that single-period review might miss.
Why is AIA form review important for project controls?
AIA G702/G703 forms are the primary billing mechanism on most commercial construction projects. Proper review ensures you only pay for completed work, retainage is calculated correctly, change orders are properly tracked, cash flow remains healthy, and you maintain complete audit traceability.
What is the schedule of values on a G703?
The schedule of values (SOV) is a breakdown of the contract sum into individual work items. Each line shows the scheduled value (budgeted amount), previous billings, current period work, materials stored, and completion percentage. The SOV is established at contract signing and forms the basis for all progress billing.
How do I verify retainage calculations on AIA forms?
Retainage is typically 5-10% withheld from each payment. Verify that: the correct percentage is applied, calculations are mathematically correct, any retainage reductions follow contract terms, and cumulative retainage matches your records. Our AI checks these calculations automatically.
What is front-loaded billing on AIA forms?
Front-loaded billing occurs when contractors bill high completion percentages on early work items—like claiming 80% complete on sitework when actual progress suggests 50%. This improves contractor cash flow but transfers risk to owners who have paid for work not yet completed.
How should change orders appear on AIA G702/G703 forms?
Approved change orders should be added as new line items on the G703, with the G702 summary reflecting the updated contract sum. The "Net Change by Change Orders" on the G702 should equal the sum of all change order values on the G703.
What is the difference between G702 and G703?
The G702 is the summary page showing totals: original contract, changes, total completed, retainage, and payment due. The G703 is the detail page showing every line item. The G703 totals should match the G702 summary—discrepancies indicate errors.
How often are AIA G702/G703 forms submitted?
Typically monthly, though contract terms may specify different frequencies. Each submission represents a pay period and builds on previous applications, tracking cumulative progress throughout the project.
Is the AIA G702/G703 Review Tool free?
Yes. New users receive $50 in free credits (approximately 12 analyses). No signup or credit card required. Upload your AIA forms and get instant analysis.
How many AIA forms can I analyze with free credits?
Your $50 in free credits covers approximately 12 analyses. Each analysis costs approximately $4 in credits, covering the AI processing for comprehensive form review.
Is there an enterprise plan for high-volume AIA review?
Yes. For teams processing many AIA forms or managing multiple projects, we offer enterprise plans with batch processing, historical tracking, and dedicated support. Contact us to discuss your needs.
Is my AIA form data secure?
Yes. Documents are processed with enterprise-grade encryption and not stored permanently. Your financial data is never shared with third parties or used for AI training purposes.
Can I use this for projects requiring audit traceability?
Yes. Analysis results can be saved and printed for audit documentation. The tool provides a consistent, documented review process that supports compliance requirements common in life sciences, government, and infrastructure projects.
Who built the AIA G702/G703 Review Tool?
folio was built by project controls professionals with experience managing $1B+ in capital programs. We've reviewed thousands of AIA forms and built the automated analysis tool we wished we had.
How is this different from manually reviewing AIA forms?
Manual review requires checking every calculation, comparing line items against contracts, and verifying percentages—often taking hours per application. Our AI completes this analysis in minutes, catching errors humans miss while freeing your team for decision-making.
Can this replace my project accountant or PM?
No—it augments your team. folio handles time-consuming data extraction and calculation verification. Your team focuses on investigating flagged issues, exercising judgment on questionable items, and managing contractor relationships.
How does this compare to AIA document management software?
Document management software stores and organizes AIA forms. folio actually analyzes them—extracting data, verifying calculations, and identifying billing anomalies. They serve complementary purposes.
Can I export the AIA form analysis?
Yes. Analysis results can be printed or saved as PDF reports. Enterprise users have additional export options for integration with project management and accounting systems.
Does folio work with my project management software?
The free tool is standalone—upload PDFs directly. Enterprise integrations with major construction platforms are available. Contact us to discuss your technology stack.
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