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Get Contractors Affidavit For Consent Of Surety Company To Partial/final Payment
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How to fill out the CONTRACTORS AFFIDAVIT FOR CONSENT OF SURETY COMPANY TO PARTIAL/FINAL PAYMENT online
Filling out the CONTRACTORS AFFIDAVIT FOR CONSENT OF SURETY COMPANY TO PARTIAL/FINAL PAYMENT online can streamline the process of obtaining necessary surety company consent for payments. This guide provides clear, step-by-step instructions to help you complete the form accurately and efficiently.
Follow the steps to complete your affidavit online.
- Click the ‘Get Form’ button to access the document and open it in your preferred online editor.
- In the first section, fill in the obligee's name. This should be the individual or organization for whom the work is being done.
- Next, enter the project name, ensuring it accurately reflects the project related to the contract.
- Input the bond number associated with the project. This is a crucial reference for tracking and processing payments.
- Request the bonding company's consent by specifying the amount of partial or final payment you are seeking. Clearly state this amount in the space provided.
- Provide the date when you last received payments for your work on this contract to give context to the payment request.
- Indicate the total amount of payments received to date on the contract. Include both the last payment and any previous amounts.
- Document the amount of retained percentage on the contract. This percentage may be held back until work is fully completed.
- Estimate the approximate cost required to complete the project. This helps the surety company understand your current financial position.
- Confirm that all bills for labor and materials have been fully paid to date and note any exceptions if applicable.
- State clearly that there are no outstanding claims or items in dispute related to this contract up to the date of filing.
- Affirm that the money received will exclusively be used to settle bills associated with this contract, ensuring accountability.
- Finally, sign and date the affidavit. Ensure that it is sealed appropriately if required.
- Once complete, you can save your changes, download the document, print it for records, or share it as required.
Complete your CONTRACTORS AFFIDAVIT online today for a seamless approval process.
A surety is an organization or person that assumes the responsibility of paying the debt in case the debtor policy defaults or is unable to make the payments. The party that guarantees the debt is referred to as the surety, or as the guarantor.
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