Billing for retainage

 

Question

 

How do I use Application for Payment forms to bill for all of the remaining retainage?

 

Answer

 

(1) On AIA Document G703™–1992, Continuation Sheet, where any retainage amount was previously shown in Column I, replace with "zero" ($0.00);

 

(2) Then enter "zero" ($0.00) as the retainage amount or percentage on Line 5 of the appropriate accompanying Application for Payment form:

 

G702™–1992, Application and Certificate for Payment;

 

G732™–2009 (formerly AIA Document G702™CMa–1992), Application and Certificate for Payment, Construction Manager as Adviser Edition.

 

 

 

 

AIA Version:

AIA Contract Documents Software - all versions

Platform:

All

Last Updated:

2014-10-28

Number:

626

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