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Click ‘Get Form’ to open the Application and Certificate for Payment in the editor.
Begin by filling in the project details, including the Project Name, Invoice Number, and Application Number. Ensure accuracy as these are crucial for tracking payments.
In the Contractor's Application for Payment section, input the Original Contract Sum, any Net Changes by Change Orders, and calculate the Contract Sum to Date.
Complete the Total Completed & Stored to Date field by referencing Column G on G703. This reflects work completed up to this point.
Calculate Retainage by entering percentages of Completed Work and Stored Material from Columns D, E, and F on G703. Sum these amounts for Total Retainage.
Determine the Total Earned Less Retainage by subtracting Total Retainage from Line 4.
List any Previous Certificates for Payment received before this application in Line 7.
Finally, calculate your Current Payment Due and Balance to Finish, ensuring all figures are accurate before submission.

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What is an application and certificate for payment?

Instructions for G7021992, Application and Certificate for Payment, is a form used by contractors to apply for payment, and by architects to docHub payments. The form details the work completed, retainage, previous payments, and current payment requests.

What is a certificate for payment?

An Application for Payment is a document that a contractor or subcontractor sends to the client or main contractor to request payment for work that has been completed.

What is a certified payment?

Process of Issuing a Payment Certificate Verification of Work: Before a payment certificate is issued, the work completed by the contractor is typically reviewed by the project manager, architect, or quantity surveyor. Calculation of Payment: Issuance of Payment Certificate: Approval of Payment:

What is a certificate of payment?

A payment certificate is a document that certifies payment for services, the delivery of goods, or receipt of social security contributions or membership fees. The document is dated and signed by a business representative (often the director or treasurer).

What is the difference between invoice and application and certificate for payment?

Approval Process: An invoice is a direct payment request, whereas a payment application requires certification before payment is approved. Format: Invoices have a flexible format, while payment applications often follow standardized templates like AIA G702 or contract-specific requirements.

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