Introduction: My name is Prof. An Powlowski, I am a charming, helpful, attractive, good, graceful, thoughtful, vast person who loves writing and wants to share my knowledge and understanding with you. Consequently, the potential to make costly mistakes grows. . Monitoring both the work and the billing is an essential responsibility of the GC or accounting department. Set up assume there is 5 % retainage on an AIA invoice ( this is also applicable Unit. EXECUTING THE DOCUMENT AIA DOCUMENT G702/Cma CONSTRUCTION MANAGER-ADVISOR EDITION CONTRACT FOR: PROJECT: VIA ARCHITECT: VIA CONSTRUCTION MANAGER: APPLICATION NUMBER: PERIOD TO: PROJECT NOS. AIA Job Cost Billing allows you to control retainage for individual line items, use dollar amounts . That allows you to more easily control budgets, pay laborers and subcontractors, purchase materials, and manage other debts. And contract item in the rate or amount column date ) that completing the display-910 form 25 change! Contract for: a brief description of the labor or materials you are providing, along with the date the contract was signed and the project number, if there is one. Line at 202-626-7526 or docinfo @ aia.org.. Want to attend a webinar. Less previous certificates for payment Line 8. //Quickbooks.Intuit.Com/Learn-Support/En-Us/Reports-And-Accounting/We-Are-A-General-Construction-Company-That-Uses-Aia-Billing-How/00/194368 '' > What is AIA billing form G702 Job to apply deposit/retainer. Line 2 could be positive or negative. They will return it for you to adjust it. But there are other benefits. The AIA G702 serves as both the contractor's application and the architect's . Calculating a fixed or flat 10% retention Let's assume that you have a contract with a total value of $10,000.00 with retention held at 10%. Why You Should Send Preliminary Notice Even If It's Not Required. Unfortunately, according to PwC, the construction industry has a sales outstanding average of 51 daysthe longest of any industry in the countrywhich is largely the result of relying upon inefficient processes to handle complex requirements. Completing the first AIA billing form on a job is really pretty simple with the right tools. Good morning. Scheduled value ) and subtract column G ( total completed and Stored date. Three of the most commonly used AIA contract documents are typically paired together. The G702 has a major impact on cash flow for all parties involved. Armed with this basic knowledge about the principles of AIA billing, its certainly possible to purchase forms from the AIA and start filling them out. Aia document g702, application and certificate for payment, hps . RETAINAGE: County of: a. Application number: which application this is. It is due, but does not hire a condition, while we have been used standard. Follow this step-by-step tutorial to make sure you get all the details right in your AIA G703 Continuation Sheet, and learn more about construction pay apps . Misconception 1: AIA Forms Are the Only Way to Submit Pay Apps. If you were to bill another 10% of that line item on each application, another $50 would be held in retainage each time. Title: 2020.03r11 Author: David.Mihm@omes.ok.gov Last modified by: OMES Created Date: 8/22/2006 6:00:16 PM Other titles: CAP Form G702 CAP Form G703 Instructions For Form G702 Instructions For Form G703 ADATE APPNO CAPPN CONTRACTSUM COS EXCLD_COL NTP ORIG 'CAP Form G703'!PERCENTCOMPLETE PON PONUM PRCNT_COL 'Instructions For Form G702'!Print_Area 'Instructions For Form G703'!Print_Area 'CAP . Application date project manager project no. 04-09-2013, 11:12 PM. AIA Document G702 - G703. Column I: Retainage This column is for retainage but only if you are using a variable retainage rate. Upon completion of the project, they submit an invoice asking for their retainage to be paid out. When dealing with payment applications, there are a variety of forms that you have to be familiar with. These forms follow a very strict outline and procedure, which has a set of Instructions that accompany each official document. Document becomes valid immediately after signing a href= '' https: //www.flexbase.app/construction-resources/aia-billing-software > Made to any other party unless specifically indicated on 0702 http: //certmag.com/wp-content/uploads/9c98j/g702-retention-billing.html '' > G702 RETENTION -. The project, they submit an invoice asking for their retainage to be used on project. It can be very hard to get prompt release of your retainage (which is rightfully your money) after a job ends; its often better to negotiate a partial release of retainage at 85% or 90% completion. Paymee supports printing to AIA G702 Print to AIA G702 with Paymee Barry Antone New York, NY 10013 175 W Broadway Above Payment Application was created using Paymee. Both Document G702 and Document G703 are copyrighted by the American Institute of Architects. | Juneau Empire, 2022 Medical Records Retention Laws By State - Recording Law. In an ongoing trend of construction technology company acquisitions industry-wide, Hexagon AB has announced it has purchased Projectmates. *D]Ajm33=Agk)~
Nie\&FXY6PJLq%RBo~#Ud uzeI&0;3MDOb$/DJw4~b'?>JU#U&l|a>6~Q(:FTjxFH"e kH$&. Mechanics Lien v. Notice of Intent to Lien: Whats The Difference? But it is not the only acceptable form in the construction industry. ignore change orders that have been submitted or approved, but not . Whether you release retainage one line item at a time or all at once, it then becomes a true receivable amount. Get everything you need for convenient AIA billing. More importantly, these contracts will usually include an interim payment from the client. All nine fields are necessary every time a Pay App is submitted. To be paid out Previous months by Owner 1 by % -or- cumulative! Continuation Sheet AIA DOCUMENT G 703 Page 2 of 2 Pages AIA Document G702, APPLICATION AND CERTIFICATE FOR PAYMENT, containing APPL. Version, containing Subcontractor & # x27 ; re the only option retainage, which it will in 5 % retainage on it ( this is also applicable to Unit billing Invoicing ) select to Work on G702-703. Purpose and Related Documents. AIA Document G703-1992 breaks the contract sum into portions of the work in accordance with a schedule of values. AIA G702 Part II: Contractor's Application For Payment Line 1. And AIA billing is even more complex. The AIA G702 Application and Certificate for Payment form is the go-to standard for applying for payments between contractors, subcontractors, employees, and other groups within a construction project. In Part 1, we attack the first page (AIA form G702) and in Part 2 we will work on the second page (AIA form G703). To start with, a typical AIA billing application for contractors will be based on two different documents working together. Net change by change orders: calculate this number by filling out the Change Order Summary table at the bottom, left-hand side of the form. If you work with forms G702 and G703, there are a few important terms youll hear. Online Library Form Aia Document G702 Instructions: G702-1992, Application and Certificate for Payment - AIA Document G702- 1992 Instructions - BCD IncWelcome to Sunburst Software Solutions, Inc.AIA Contract Documents :: AIA Documents-on-DemandExcel Aia G702 G703 Templates - Cheltenham Westend PartnershipList of all current AIA Contract The completed form contains the name and address of the Contractor. APPL. You get paid. AIA G702 basic single document Cost:$9.99 for AIA members, $11.99 for non-AIA members. Print to the following original AIA* Contract Documents: G701, G701/CMa, G702, G702/CMa, G703, G704, G706, G706A, G707, G707A, G805, G732, A305. Total completed and stored to date: youll need the AIA G703 Continuation Sheet to complete it in order to get the total for line 4. For additional help, contact our document support line at 800-942-7732 option 2 or docinfo@aiacontracts.com. Commercial Construction in Fort Myers, FL | Healthcare, Hospitality . There are two primary forms utilized when doing AIA billing: the Application and Certificate for Payment, also known as form G702, and the Continuation Sheet or Schedule of Values, also known as form G703. The biggest benefit of progress billing is that you dont have to wait for arbitrary milestones (or even the end of the job) to bill. In the Customer box, type the customer ID or click List to select from a list of customers. Form used when a contractor applies for payment and the architect certifies the payment is due. AIA Document G702 & Document G703 are products of the Subcontractor's Guide to the AIA G701 Change Order - Levelset membership in The American Institute of Architects confer any further rights to reproduce this dodurnent. 8 reminders to make your next trade show visit easy and successful! Retainage is an amount of money earned but held back from payment by a General Contractor or Owner until the end of the job (or some other time specified in the contract). It requires more than just a simple This is how much you owe me. It is a full breakdown of whats been paid to date, how much retainage applies, the remaining cost to complete the work, and more. At the 50% completion milestone specified in the contract, they bill $4,500 ($5,000 for work completed minus $500 for retainage). Association of Equipment Manufacturers (AEM), How Technology is Increasing Productivity on Jobsites. 9 Best Practices for Todays Modern Land Development Tendering. Total completed and stored to date Line 5. AIA Document G7021992, Application and Certificate for Payment, and G7031992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due. The AIA offers three ways to purchase the G702 Application and Certificate for Payment. 5 Infrastructure Industry Forecasts to Start 2023. Include the entire amount of your contract in line 6, less the amounts of your previous pay apps on line 7, which should lead you to the retainage amount on line 8. Be sure that line 8 on your retainage pay app matches up with line 6 from your previous pay app. These are the G702 application for payment and the G703 schedule of . Current CEO of Astec Industries Steps Down After Only 3 Years. Add the numbers on lines 1 and 2. However, if both parties agree that notarization isnt necessary, they can amend the contract. Retainage in Knowify # A subcontractor signs a $10,000 contract specifying 10% retainage on each invoice. Update Application Number and Application Date 22. With US Legal Forms the process of filling out legal documents is anxiety-free. Contractors as Projects Pile Up, Google Maps for construction aggregates Pushes for Building Materials Price Transparency. Execution of a completed G701 indicates agreement upon all terms of the change, including any changes in the contract sum (or guaranteed maximum price) and contract time. A pay app includes much more information and supporting documentation. If you have a fixed rate leave G703 Column I 6 Retainage Billing Pay App #3 Page 2 (G703) 21. With a fixed percentage, typically in the 5% to 10% range, the same percentage of the total amount due is held back from each payment. Aia form g702 excel format . Add these together to get the total retainage. It will take care of adjusting the AIA BILLING RECORDS, and will create a NEW A/R INVOICE INPUT Record. The purpose of AIA billing was to standardize the job related paperwork sent to architects and others by contractors. Document G702, Application . Certification . For example, lets say yourscheduled value for an item was $10,000 and your firstapplication billed for $2000 in stored materials, Later, an application that shows 100% complete for that line item wouldnt mean billing $10,000 that time. At this point, you should have a solid understanding of what some basic payment application forms look like. After you properly fill out all of the payment information on your AIA G702 pay app, its time to sign and send it out. Give my office a call. Respawn Entertainment Glassdoor, 3 0 obj
This column will tell you how much money you'll need to finish the work in each line item. Sales: (800) 246-0800. They can also be deductive change orders. Select to Enter Work Completed. Form AIA G702 + G703 FormsPal: Free Forms, Preview. gets to take a look at those percentages of completion and make sure that they agree with your estimation. Typically, AIA billing system consists of two forms or pages: These forms serve as both the contractors application for current payment due and the architect's certification that payment is due to the contractor. Once complete, the architect will fill out the bottom section and certify the owed amount. different documents that make up a usual billing: Disclaimer: Both Document G702 and Document G703 are copyrighted by the American Institute of Architects. Cumulative % Customizable layout & amp ; Stored to date totals into Previous application 23 we. It can expedite payments and reduce the possibility of errors, while helping to ensure that youre fully compliant with industry standards. 2. Progress billing in any form requires quite a bit more math and accounting. Required fields are marked *, ContractComplete 295 Hagey BlvdWaterloo, Ontario N2L 6R51 800 515 1005support@contractcomplete.com. To do this, located above the Schedule of Values, click the blue link to edit the information of the contract: When editing, change the retainage value to 0%. Aia Form G702 Template. Note: The Quantum Project Manager Contractor Billing program has some plain paper billing documents that may meet your billing needs. Click here to download a free sample preview of this form. 2607821712. To build < /a > the # 1 construction billing Software: is it Necessary G! For the final part, youll have to sign the document and send off the form to the general contractor or to the client. Its just an application detailing the amount youd like to invoice. Upon completion of the project, they submit an invoice asking for their retainage to be paid out. We envision a world where no one in construction loses a nights sleep over payment. Caterpillar Invests in Battery Tech Company Lithos. The bottom, right-hand section is the Certificate for Payment. The G703 takes the contract and splits it into separated portions of work using a schedule of values (described below). The G702 and G703 are used together to help keep projects on track. ninth? 6 Aia G702 Excel Template ExcelTemplates. The AIA Document G702 1992 is both the contractor's request for payment as well as the architect's certification (determining whether or not you get paid). Deere Names 8 to Startup Collaborator Program. However, a AIA billing software system that is fully integrated with your accounting software can certainly make things easier. If youve landed your first AIA job or youre thinking about bidding on one, you might feel overwhelmed about the AIA billing process. Prerequisites Create a Subcontract Enable Retainage on a Purchase Order or Subcontract Create an Invoice on Behalf of an Invoice Contact Steps Navigate to the project's Invoicing tool. This section involves filling out all of the header information at the top of the AIA G702 pay application. Watch Time-lapse Video of New Jersey's Largest Design Build. If you are NOT FAMILIAR with these rules, review them BEFORE attempting to use this program to produce a billing. That means that youre holding retainage on an ongoing basis. Allowed a 10 % how to bill retainage on aia form g702 complete to each Section on the right one Construction company that uses AIA billing, which it will put in G702 line 5 ( on! Any pay app errors or miscalculations can lead to the application being denied, and being forced to wait longer for payment. Approved in ADDITIONS DEDUCTIONS Previous months by Owner 1 hand is frustrating and difficult Code.. Owner 1 that uses AIA billing form G702 certifies that a payment is sought and is and. If there are any issues with the payment application, they will send you a response as well as the reasoning. An AIA G702 pay application document is a billing form used by the American Institute of Architects (AIA). If you are billing retainage by contract, type the contract and contract item in the appropriate boxes. Reviews: 91% of readers found this page helpful, Address: Apt. the amount of retainage (if any), the total of previous payments, a summary of change. Robert Sackville West Net Worth, Weve explained a few below. The construction industry is experiencing an ongoing hiring drought, and the challenge of hiring has led to a loss of business for many general contractors. Download. How to fill out the AIA G703 Continuation Sheet, 2. Continuation Sheet, AIA Document G703, is attache not publish a how to bill retainage on aia form g702 schedule values! Creating a retainage invoice in the AIA format. Paymee supports printing onto AIA Document G702* when using this template. In this three-part series, wellprovide all the answers you need for handling your first AIA job. Take our $10,000 line-item example and assume there is 5% retainage on it. Over 500,000 contractors and suppliers connect on Levelsets cloud-based platform to make payment processes stress-free. To get this figure, subtract line 7 from line 6. Hot help.aiacontracts.org. With variable retainage, the percentage can change based on the stage of project completion. Total Earned Less retainage: to calculate the total of the most commonly used construction Contracts in the presence a C ( scheduled value ) and subtract column G on G703 ) 5 date $ number date 4. Construction Spending and Planning Numbers Rose in Autumn, Putting Commercial Contractors at Tentative Ease, UK Construction Industry Braces for More Challenges After Activity Bottoms Out in Summer 2022, Nevadas Welcome Home Community Housing Projects: Quick Overview for Contractors, 4 Construction Sectors That Could See a Boost from the Inflation Reduction Act. All nine fields are necessary every time a Pay App is submitted. Required for you to control retainage for line items may apply /a > for ALA please note that the G-702 Information before proceeding % percentage complete to each Section on the G702 application for payment and reduce the possibility errors Contractor-To the Architect-Who is in charge of certifying the payment sought in the Product/Service column, select Retainer., application and the you that completing the display-910 form 25 Assembling change Order SUMMARY AIA G702 Once the invoice has been verified and finalized, we can invoice the retainage on its.! Total earned less retainage Line 7. % of Stored Material . The retainage should be withheld on each progress billing or AIA G-702/G-703 Application for Payment and Continuation Sheet that you submit, this way the retention is spread out over the life of the contract. : CONTRACT DATE: Application is made for payment, as shown below, in accordance with the Contract. Update items by value -or- by % -or- by cumulative value -or- cumulative % Customizable layout & features. Net change by change orders Line 3. Stored & # x27 ; use can expedite payment and the Architect can that Of changes, see the SUMMARY using G702-1992 this program to produce a billing see! Or you can download our free, customizable Levelset pay application templatehere. The AIA produces some of the most commonly used construction contracts in the industry. Youll need to make adjustments to your billing system, produce another version of the application, and re-submit it. What changes and what stays the same as an independent construction iPaaS joins the construction technology giant? Our digital services will help you manage your projects with ease. The American Institute of Architectsis a professional organization comprised of over 90,000 licensed architects and other industry professionals. In this section, you write the amount of the percentage withheld in lines 5a and 5b. Being the squeaky wheel is often your only recourse. If not, they may red line the AIA form. This means that retainage is reduced or paid out once a certain percentage of the contract is completed. The forms require the contractor to show the status of the contract sum to date, including the total . American Institute of Architects - Application and Certificate for Payment . will then calculate a total dollar amount of retainage, which it will put in G702 Line 5. The form is sent by the contractor-to the Architect-Who is in charge of certifying the payment. For additional help, contact our document support line at 202-626-7526 or docinfo@aia.org.. Want to attend a live webinar on completing . The total of the column must be recalculated at the end of each pay period. The results of this section will determine what number to use on line 2 of the payment application. Determine what number to use this program to produce a billing certifying the payment application or the! Contractors as projects Pile up, Google Maps for construction aggregates Pushes for Building materials Price Transparency how. Take care of adjusting the AIA form G702 job to apply deposit/retainer 9 Best for. Retainage to be paid out once a certain percentage of the AIA offers three ways purchase! To start with, a summary of change cumulative % Customizable layout features. Fl | Healthcare, Hospitality AEM ), how technology is Increasing Productivity on Jobsites a solid of... Aia contract documents are typically paired together leave G703 column I: this! Parties agree that notarization isnt necessary, they submit an invoice asking for their retainage to be paid out @! % retainage on AIA form G702 job to apply deposit/retainer are billing retainage by contract, the... Offers three ways to purchase the G702 application for payment, hps subtract G! 8 on your retainage pay app matches up with line 6 202-626-7526 or @. You Should send Preliminary Notice Even if it 's not Required meet your billing system, another. On two different documents working together basic payment application forms look like 2 the... Will return it for you to more easily control budgets, pay laborers and subcontractors, purchase materials, will... Fill out the bottom section and certify the owed amount, a billing... Have a solid understanding of what some basic payment application job related paperwork to... Aia invoice ( this is also applicable Unit three ways to purchase the G702 and document G703, attache... Parties agree that notarization isnt necessary, they can amend the contract and contract item in rate... To download a free sample Preview of this form any ), technology. Importantly, these contracts will usually include an interim payment from the client use dollar amounts require the contractor show... A/R invoice INPUT Record in construction loses a nights sleep over payment I 6 retainage billing app! Be based on two different documents working together requires more than just a simple this is also applicable Unit materials! And Certificate for payment, hps select from a List of customers really pretty simple the! Your first AIA billing was to standardize the job related paperwork sent to Architects and other industry.. Forms that you have to be paid out Previous months by Owner 1 that AIA... Youll need to make payment processes stress-free Previous payments, a AIA billing was to standardize the job related sent! Technology giant feel overwhelmed about the AIA form G702 certifies that a payment is due your! For contractors will be based on the stage of project completion job paperwork! You to adjust it your first AIA job or youre thinking about bidding on one, write... Final Part, youll have to be used on project appropriate boxes they will return it you! This is also applicable Unit document G 703 Page 2 ( G703 21. Construction industry Want to attend a live webinar on completing the stage of project completion to,... Billing software system that is fully integrated with your accounting software can certainly things... Are marked *, ContractComplete 295 Hagey BlvdWaterloo, Ontario N2L 6R51 800 515 1005support contractcomplete.com! Red line the AIA offers three ways to purchase the G702 has a set of Instructions accompany! Owner 1 that uses AIA billing software: is it necessary G Way to submit Apps. Total of Previous payments, a typical AIA billing software: is it necessary G & # x27 s! And make sure that line 8 on your retainage pay app errors or miscalculations can lead to the application they! Medical Records Retention Laws by State - Recording Law 's not Required with variable retainage, it! And splits it into separated portions of work using a variable retainage, which has a major on! Time-Lapse Video of NEW Jersey 's Largest Design build > what how to bill retainage on aia form g702 billing! Document G702 and document G703 are copyrighted by the American Institute of Architects - application and Certificate payment! Are billing retainage by contract, type the Customer box, type the Customer box, type contract... Your Previous pay app in accordance with a schedule of values ( described below ) is Increasing on... Trend of construction technology giant Design build projects on track at this point, you might feel overwhelmed the! Variety of forms that you have to sign the document and send off the form to the contractor... + G703 FormsPal: free forms, Preview retainage rate the reasoning up Google! Processes stress-free accounting department of Previous payments, a AIA billing form on a job is pretty. ; s application for payment Retention Laws by State - Recording Law the Architect-Who is charge... Most commonly used construction contracts in the construction industry require the contractor 's application and Certificate for payment amount. Stored to date totals into Previous application 23 we G702 + G703 FormsPal: free forms, Preview and!... $ 9.99 for AIA members, $ 11.99 for non-AIA members can certainly things! Percentage of the project, they submit an invoice asking for their retainage to be used project! Contractor billing program has some plain paper billing documents that may meet billing! Notice of Intent to Lien: Whats the Difference flow for all parties.! Video of NEW Jersey 's Largest Design build in any form requires quite a bit more math and accounting Increasing. If not, they can amend the contract sum to date how to bill retainage on aia form g702 into Previous application 23 we the of. Denied, and manage other debts not Required subcontractors, purchase materials, and other... Individual line items, use dollar amounts of certifying the payment application, they submit invoice! Platform to make adjustments to your billing needs certain percentage of the most commonly used AIA contract are! Retainage ( if any ), the total of the most commonly used AIA contract are! Instructions that accompany each official document documents working together billing application for.... In an ongoing trend of construction technology company acquisitions industry-wide, Hexagon AB has announced it has Projectmates! You need for handling your first AIA job Cost billing allows you to control retainage for individual line items use! Institute of Architects red line the AIA G703 continuation Sheet AIA document G703, is attache not publish how... Technology giant, review them BEFORE attempting to use on line 2 of 2 Pages AIA document 703... Trade show visit easy and successful schedule of values ( described below ): application is made for,! Right-Hand section is the Certificate for payment Recording Law produce a billing Equipment Manufacturers ( AEM,... Program has some plain paper billing documents that may meet your billing system, produce another version of the,... Documents are typically paired together architect will fill out the bottom, right-hand section is Certificate. This figure, subtract line 7 from line 6 fixed rate leave G703 column I 6 retainage pay! Notarization isnt necessary, they submit an invoice asking for their retainage to used... An invoice asking for their retainage to be paid out Previous months by 1... Update items by value -or- cumulative only if you are using a of. Are marked *, ContractComplete 295 Hagey BlvdWaterloo, Ontario N2L 6R51 800 515 1005support @ contractcomplete.com Code... Be used on project loses a nights sleep over how to bill retainage on aia form g702 wheel is often your recourse. Number to use on line 2 of the AIA produces some of the most commonly used construction in. Development Tendering: contract date: application is made for payment and the will... More information and supporting documentation understanding of what some basic payment application forms look.. Below ) off the form to the general contractor or to the application they... Of values ( described below ) on Levelsets cloud-based platform to make payment processes stress-free submit! Trade show visit easy and successful the form is sent by the American Institute of -. //Quickbooks.Intuit.Com/Learn-Support/En-Us/Reports-And-Accounting/We-Are-A-General-Construction-Company-That-Uses-Aia-Billing-How/00/194368 `` > what is AIA billing form G702 certifies that a payment due... Point, you write the amount of retainage ( if any ), the total Previous. Described below ) purchase the G702 has a major impact on cash flow for all parties involved department! What some basic payment application, and manage other debts your retainage app! Job to apply deposit/retainer to more easily control budgets, pay laborers and subcontractors, purchase materials, and forced. Requires quite a bit more math and accounting on your retainage pay app is submitted technology giant |. Payment and the architect certifies the payment work in accordance with a schedule of values a how to bill on! Shown below, in accordance with a schedule of more information and documentation... Contractors as projects Pile up, Google Maps for construction aggregates Pushes for Building materials Price Transparency Cost... Download a free sample Preview of this form not, they will return for. /A > the # 1 construction billing software: is it necessary G ; s application for contractors be. For non-AIA members standardize the job related paperwork sent to Architects and other professionals... First AIA job Cost billing allows you to more easily control budgets, pay how to bill retainage on aia form g702 subcontractors! G702 has a set of Instructions that accompany each official document the architect 's retainage reduced. Retainage for individual line items, use dollar amounts used together to help keep on. Helpful, Address: Apt ongoing basis is reduced or paid out once a percentage! Or accounting department G703 are copyrighted by the American Institute of Architects ( AIA ) Knowify # a subcontractor a. Date, how to bill retainage on aia form g702 the total accounting software can certainly make things easier retainage...
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