Contracts & ExecutionQuestion 199 of 1605
An AIA-style "Application and Certificate for Payment" (commonly G702/G703) is used to:
a.Cancel a home improvement contract
b.Apply for a contractor's license
c.Request a progress payment showing work completed against the schedule of values
d.Record a mechanics' lien with the county
Explanation
The G702 (application/certificate) with its G703 continuation sheet itemizes the schedule of values and percentage of each item completed, supporting the contractor's request for a progress payment.
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Sen Lin, PrepPass Founder · Verified against California CSLB Contractor License Law & Business Exam · How we review
Reviewed by Abraham Chen — Licensed California General Contractor (CSLB License #1101856 — verify)