How to check a pay application against the schedule of values
Verify G702/G703 math, retainage and month-to-month continuity before you approve payment.
The problem
A payment application has dozens of lines and a set of totals that all depend on each other. Errors happen: a line that doesn't add up, retainage at the wrong percentage, "previous" amounts that don't match what was approved last month, or change orders billed before they were approved. Checking all of it by hand every month is slow and easy to rush.
The checks that matter
- Each G703 line: previous + this period + stored = completed and stored; balance and retainage correct.
- G703 totals tie to the G702 summary lines.
- Retainage at the contract percentage (including any reduction point in the contract).
- Previous certificates match last month's approved application.
- Net change by change orders matches approved change orders only.
- Lien waivers match the amounts and parties paid.
How DocuFinds handles it
DocuFinds reads payment applications and lien waivers. The AI only copies the numbers off the page, and each one is then found in the document text or flagged; DocuFinds does every calculation and comparison itself, so the math is checked exactly rather than estimated. The Check against benchmarks button can also compare retainage and other terms with the contract.
Frequently asked questions
What should I check on a G702/G703 pay application?
Line math on the G703, totals tying to the G702, retainage at the contract rate, previous amounts matching last month's approval, and change orders matching approved ones only.
Does DocuFinds use AI to do the math?
No. The AI only reads the numbers from the page; DocuFinds performs every calculation itself and flags any number it cannot find in the document.
Can it check lien waivers too?
Yes. DocuFinds reads conditional and unconditional waivers, including the amount, parties and dates.
Try it on your own documents
Upload a project and ask your first question. Every answer links to the exact page.
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