First, 7/8" hole is allowed by AISC.
Any hole size larger than standard hole is not allowed to be used in bearing-type connections. Then slip-critical connection is required.
This happens kind of frequently, and be careful with it, because most of time, detailers don't recognize this, and consider 1/8" larger than bolt diameter is common practice. I had one project before, the detailer ignored standard hole size in SDS/2 model, and changed all hole sizes to 1/8" larger as required by galvanize guy.
If you want any quick references, please find Modern Steel Construction Magazine June & Oct 2009 Interchange. This issue has been addressed there by Larry Muir.