We are holding a 5% Retainage on this current job. The question I have is this. We do our billings by AIA Forms g702 & g703. When calculating this retainage each billing, do I request my payment before or after the 5% retainage? Example: My Mobilization Schedule of Values Total is $15,000.00 I am wanting to bill 80% of this total this period. Is the proper billing method on form g703 to have Column E show $12,000 Column G should this show the full total 80% of $12,000 OR should I reduce it by 5% showing $11,400.00 total Completed? with a BTF in Column H $3600 or will it be $3000 for the full 80%. If I reduce my 5% on each line item from Column G each billing, my final billing prior to my Retainage billing should show a 95% completion correct? Or do I need my final to show 100% with all amounts billing 100% THEN an additional 5%?