G707A-1994

This is a standard form for use when a surety company is involved, and the owner/contractor agreement contains a clause whereby retainage is reduced during the course of the construction project. When duly executed, AIA Document G707A™–1994 assures the owner that such reduction or partial release of retainage does not relieve the surety of its obligations.

When to use this document?

• Any size project
• Only use on projects with a surety involved
• Reduces retainage by an agreed upon amount