Development Command Center 15 items
Lien Waiver & Payment Application (G702/G703) Review Checklist
A review checklist for owners and contractors to validate a payment application and its supporting lien waivers before releasing a progress payment.
AIA G702AIA G703AIA A201
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Application Completeness
- Is the G702 application signed, notarized, and for the current period? *
- Does the G703 continuation sheet schedule of values tie to the contract sum? *
- Do the percent-complete values reconcile with field-verified progress? *
- Are change orders reflected in the adjusted contract sum? *
Retainage & Stored Materials
- Is retainage withheld at the contract percentage? *
- Are stored materials properly documented with invoices and, if off-site, bill of sale and insurance? *
- Is the balance to finish correctly calculated on the continuation sheet? *
Lien Waivers
- Is a conditional waiver for the current payment provided? *
- Are unconditional waivers for the prior payment period on file? *
- Are lower-tier subcontractor and major supplier waivers collected to match the pay period? *
- Do waiver amounts and through-dates match the corresponding payment applications? *
Approval
- Have supporting invoices and certified payroll (if required) been reconciled? *
- Are there open backcharges or deductions to apply?
- Certified amount approved for payment
- Approver signature
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