AIA G703 / Schedule of Values — Continuation Sheet

Where the G702 is a one-page summary, the G703 is the detailed line-by-line backing. It lists every component of the contract — typically by trade, work item, or CSI division — and shows where you stand on each line: scheduled value, work completed in this period, work completed in prior periods, materials stored on or off site, total completed and stored to date, percentage complete, balance to finish, and retainage.

The G703 is what tells a story. If you want to know whether the framer is 60% done or 80%, whether the kitchen allowance has been drawn against, or whether stored countertops are sitting on a manufacturer's floor — it's in the G703. Every column has a purpose, and every cell has to reconcile.

A standard G703 has nine columns:

• A — Item No. Sequential line item number.
• B — Description of Work. Trade, division, or work item.
• C — Scheduled Value. Total contract value for that line. Sum of column C = total contract value.
• D — Work Completed From Previous Application. Cumulative through prior draws.
• E — Work Completed This Period. New work in current billing period.
• F — Materials Presently Stored. Materials on site (or off site if contract permits) not yet incorporated.
• G — Total Completed and Stored to Date. D + E + F. The number that flows up to G702.
• H — % (G ÷ C). Percent complete on that line.
• I — Balance to Finish (C − G). Remaining contract value.
• J — Retainage. Withheld on that line. Sum of column J = total retainage withheld.

1. Front-loaded line items. A common pattern: subcontractors bill 60% on a line that's actually 35% done, knowing later draws will catch up. The line item arithmetic ties, but the work doesn't match the percentage. Catching this requires field verification against the percentage claimed.

2. Materials stored without delivery proof. Column F allows billing for materials stored on or off site, but most contracts require a bill of sale, delivery receipt, and insurance evidence. Stored materials are frequently billed without that backup.

3. Column G doesn't equal D + E + F. Arithmetic errors at the line level are extremely common on hand-prepared G703s, especially after a change order is added mid-project.

4. Sum of column C drifts from contract. When change orders are added, the scheduled value column should be updated to reflect them. Frequently it isn't — and the G703 quietly bills against an outdated contract value.

Ella reads every G703 line by line. She validates the arithmetic on every row (G = D + E + F, I = C − G, H = G ÷ C), reconciles the column totals back to the G702, matches the scheduled value column against your contract plus approved change orders, and compares this period's percentages to last period's — flagging any line where the percentage jumped faster than physical progress would explain.

She also reads the supporting documents — delivery slips, bills of sale, insurance certificates — for materials stored. If a line in column F doesn't have backing documentation in the same draw, it's flagged automatically.