The G703 is a CONTINUATION SHEET FOR G702, 1992, and breaks the contract sum into portions of the work in accordance with a schedule of values required by the general conditions. The form functions as both the contractor's application and the architect's certification. If the architect deems that the form has been properly completed and all information is acceptable, then the signature of the architect acts as a certification that the indicated payment is due the contractor. As such, this form can be utilized to reduce error and expedite payment. The G703 form also allows the architect to certify an amount different than the amount applied providing a suitable explanation is given.
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