What is the AIA G703 continuation sheet?
AIA G703 is the Continuation Sheet: a line-by-line table that breaks the contract sum into schedule of values items and tracks work completed, materials stored, and balance to finish for each one. Its totals feed the AIA G702 summary page. Approved change orders get added as new lines, and many general contractors require subs to submit one.
The AIA G703 Continuation Sheet is the detailed page of a monthly pay application. It lists every item on the schedule of values and shows, for each line, what was done in prior periods, what was done this period, what material is stored, and what is left. Its totals feed the AIA G702 summary page. AIA notes that it does not publish a separate schedule of values form, which is why many people treat the G703 itself as the SOV.
The columns on a G703
| Column | Name | How it is calculated |
|---|---|---|
| A | Item number | From the schedule of values |
| B | Description of work | Scope of the line |
| C | Scheduled value | Dollar value of the line |
| D | From previous application | Prior D plus prior E |
| E | This period | Work installed since last pay app |
| F | Materials presently stored | Stored, not yet in D or E |
| G | Total completed and stored to date | D plus E plus F |
| G/C | Percent complete | G divided by C |
| H | Balance to finish | C minus G |
| I | Retainage | Used when rates vary by line |
The column G total becomes line 4 on the G702. Column I matters on jobs where retainage differs by line, for example a lower rate on a long-lead equipment package.
Example: one line, three months
Take an HVAC line with a scheduled value of $220,000. In month one the mechanical sub bills nothing installed but $60,000 of rooftop units sitting in a bonded warehouse (column F). In month two the units are set, so $60,000 moves out of stored and into installed, and $25,000 of ductwork goes in.
| Column | Amount |
|---|---|
| C. Scheduled value | $220,000 |
| D. From previous application | $0 |
| E. This period | $85,000 |
| F. Materials presently stored | $0 |
| G. Total to date | $85,000 |
| Percent complete | 38.6% |
| H. Balance to finish | $135,000 |
The detail people miss: material that was stored last month and is installed this month appears in column E, not again in F. Stored dollars should drop when they are installed. If F keeps growing while E stays flat, the reviewer will start asking where the material is.
Change orders and the G703
Approved change orders are usually added as new lines at the bottom of the sheet, often numbered CO-1, CO-2, and so on, each with its own scheduled value. Some owners want them grouped under the original line they affect. Either way, column C total must equal the contract sum to date on the G702.
Common G703 errors
- Column D does not match what was certified last month because the architect cut a line and nobody updated the spreadsheet.
- Percent complete over 100 percent on a line, usually from billing extra work against base scope.
- Stored materials billed without the invoices and insurance certificates the contract requires. See how to bill stored materials.
- Lines too broad to verify, like a single $400,000 line for electrical, which invites lowball percentages.
Related terms
The G703 drives AIA billing, supports progress billing, and shows how much retainage is held per line. Its balance to finish column is a starting point for cost to complete reviews, though cost and billing are not the same thing. The schedule of values template uses the same column layout. In Smart Business Automator the continuation sheet is generated from the job's SOV and approved change orders each period.
Frequently asked questions
Is the G703 the same as a schedule of values?
Not technically. The schedule of values is the breakdown of the contract sum. The G703 is the form that reports progress against it each month. In practice people use the terms loosely.
What is column F on a G703?
Materials presently stored: material delivered to the site or an approved off-site location that is not yet installed and was not billed in columns D or E.
Can I add lines to a G703 mid-job?
Add lines for approved change orders. Changing the original lines usually needs owner or architect approval, because it changes the agreed schedule of values.
Do subcontractors fill out a G703?
Often yes. Many general contractors require subs to submit a G703 style breakdown so the GC can roll it into its own pay app to the owner.
