One AIA®-style G702® and G703® application, generated from a locked Schedule of Values. Zero rounding errors, zero rejections, zero spreadsheets.
| Description of work | Scheduled | % | Balance | |
|---|---|---|---|---|
| 1.10 | Demolition | 24,500 | 100% | 0 |
| 1.20 | Rough plumbing | 86,200 | 62% | 32,400 |
| 1.30 | Fixture set | 41,800 | 49% | 21,260 |
| 1.40 | Trim & final | 18,950 | 12% | 16,700 |
| TOTALS | 171,450 | 58% | 70,360 |
Commercial subcontractors fund labor and materials out of pocket, then wait. One math mismatch on a G703 line resets the clock by another 30–45 days.
Drop in your subcontract line items. Scheduled values are locked, so a stray click can't break the math. Retainage is set per line — fixed, varying, or release-on-completion.
Share a read-only link five days before the formal due date. Your GC's PM reviews the percentages online, requests changes in-line, and approves. No printer, no fax, no email tag.
One click renders the standard AIA-style cover sheet and continuation sheet — every figure carried forward, every column balanced. Hand it to your notary and submit.
Not an ERP. Not a GC portal. A focused tool that solves one expensive problem — the monthly progress billing application — and gets out of your way.
Once you submit, last month's figures freeze. Historical columns can't be edited, even by accident.
Line-by-line retainage with mid-project release events. Calculations stay correct when contract terms shift.
Scheduled − Completed = Balance, enforced at the database level. Submitting an unbalanced sheet is physically impossible.
Distinct AIA-style letterhead layout, ready for notary sign-off and submission to any GC's portal.
Read-only collaborative review URLs that replace mailed paper copies and PDF markups.
Pull approved values back into your ledger automatically. No double-entry, no re-keying.
Enterprise ERPs run $15,000–$50,000 to set up. You shouldn’t need a six-figure budget to bill correctly on a $400,000 contract.
Independent specialty contractors managing 1–3 active commercial jobs.
Growing trade contractors with dedicated billing managers and bookkeepers.
If a formal payment application generated by PencilDraft is rejected by your General Contractor or Architect solely due to a mathematical or rounding error on the G702 or G703 sheets, we refund 100% of your subscription fees for the preceding three months.