In G704, the parties agree on the time allowed for completion or correction of outstanding items; the date when the owner will occupy the work or designated portion thereof; and a description of responsibilities for maintenance, heat, utilities, and insurance.

The G702—often called the billing form, progress billing form, payment app, or pay app—is the summary sheet of billing progress. Document G703-1992 breaks the contract sum into portions of the work in ance with a schedule of values. Key elements of the invoice forms include: Original contract price.

Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under “EXCEPTIONS” in the document. Document G706 is typically executed as a condition of final payment.

Essentially, it is a legal document that states that the project has been finished and it clearly outlines how much the property owner still owes in payment for materials or services. A Contractor's Final Payment Affidavit should be comprehensive.

What is -style invoicing? # -style invoicing is based on the application for payment forms (sometimes referred to as the G702 Application for Payment and G703 Continuation Sheet), which are a standardized set of invoicing forms widely used in commercial construction in the United States.