Get Ga Contractor's Final Affidavit

The Final Payment Affidavit is a sworn statement that serves as a comprehensive outline, issued after completion of a project, to notify the property owner of how much money is still owed for materials and services provided.

Yes. To perform (or offer to perform) residential or general contractor services for compensation in Georgia, you must be licensed in ance with the laws and rules that regulate this profession.

The contractor shall give to the owner a final payment affidavit stating, if that be the fact, that all lienors under his or her direct contract who have timely served a notice to owner on the owner and the contractor have been paid in full or, if the fact be otherwise, showing the name of each such lienor who has not ...

Prompt Payment - means payment of proper invoices made within 45 days for non-construction services and 20 business days for construction services of the payment due date as calculated by the Accounts Payable Section of the Finance Department ing to the Florida Prompt Payment Act.

Georgia, like many other states, requires anyone performing construction work to be licensed by the state. This requirement safeguards property owners from any faulty, inadequate, or unsafe work on their real estate.

Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under “EXCEPTIONS” in the document. Document G706 is typically executed as a condition of final payment.

Construction projects require the use of payment applications, also called "Pay Apps." These two documents work alongside each other. The G703 contains all the specific information about the amounts included in the Pay Apps. The additional documents provide proof and support to the claims made in the G702.

A contractor's affidavit provides reassurance to the project owner that all contractors and vendors on the project have been paid for the work they provided. By signing the form, the contractor swears that payment has been made to everyone working on the project, except those listed on the affidavit.

Contract Documents publishes the following: G707–1994, Consent of Surety to Final Payment – intended for use as a companion to Document G706™–1994, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond.