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  • Contractors Affidavit For Consent Of Surety Company To Partial/final Payment

Get Contractors Affidavit For Consent Of Surety Company To Partial/final Payment

CONTRACTORS AFFIDAVIT FOR CONSENT OF SURETY COMPANY TO PARTIAL/FINAL PAYMENT Re Obligee Project Bond Number Gentlemen We hereby request insert bonding company s name to consent to partial/final payment in the amount of on the above described contract and hereby make the following AFFIDAVIT. 1. Date to which we have received payments for our work on this contract is and the total of approved work completed including extras or deductions to the contract. Amount of payments received by us on said contract To and including our last payment. Amount of retained percentage on said contract Approximate cost of completing said contract THAT ALL BILLS FOR LABOR AND MATERIALS FURNISHED TO THE CONTRACTOR OR ANY SUBCONTRACTOR HAVE BEEN FULLY PAID TO DATE AND THERE ARE NO PAST DUE BILLS WITH THE EXCEPTION OF THE FOLLOWING THAT THERE ARE NO OUTSTANDING CLAIMS OR ITEMS IN DISPUTE UNDER THE CONTRACT TO DATE* The money received by us under this contract has been or will be used exclusively in paying out....

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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.

Essentially, this is the Obligee checking in with the Surety who wrote a Performance Bond and/or Labor & Materials Payment Bond, before the Obligee takes an action that may affect the surety. ...

When it comes to final payment, the property owner should get Consent of Surety. Consent of Surety, at this point, ensures the owner that the surety is aware of and approves the amount they're paying out to the contractor. ... It also states that the payment doesn't relieve the surety of its obligation to the contract.

A consent of surety is a written document that you get from your bail bonding agent. ... You may need a consent of surety for: Bond Reinstatement. If you have failed to appear in court when required, the bond may be void unless you obtain a consent.

AIA Document G707 1994 is intended for use as a companion to AIA Document G706 1994, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond.

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.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232