Arkansas Contractor's Affidavit of Payment to Subs
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How to fill out Contractor's Affidavit Of Payment To Subs?
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FAQ
A direct payment clause says that if you have paid the main contractor for work done by subcontractors and your money is not passed on to them, you can pay the subcontractor directly and deduct the payment from any other monies due to the main contractor.
Here are 10 ways you can keep your contractors happy without paying them more.Training.Availability.Match Contractors to the Job.Make Deadlines Clear.Set Clear Expectations.Resolve Problems Quickly.Make Bookkeeping Simple.Pay on Time.More items...?
AIA 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. AIA Document G706 is typically executed as a condition of final payment.
AIA Document G702®1992, Application and Certificate for Payment, and G703A®1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due.
To ensure you're protected from start to finish, always follow these protocols before you hire.Get Proof of Bonding, Licenses, and Insurance.Don't Base Your Decision Solely on Price.Ask for References.Avoid Paying Too Much Upfront.Secure a Written Contract.Be Wary of Pressure and Scare Tactics.More items...?
6 Tips for Dealing With Subcontractor DefaultPrequalify Your Subs. Before you take pricing or solicit bids from subcontractors you need to make sure they are capable of completing the work, both physically and financially.Know the Signs.Craft a Plan.Put It in a Contract.Protect Yourself.Termination of Contract.
SubscribeCreate a Collaborative Community.Deal with the sub's underperformance ASAP.External Factors Have to Be Understood First.Know what motivates the subcontractors.Create performance goals together.Reward Improvements.Arrange a Follow-up Process.Execute Subcontractor Performance Assessments.More items...?
For example, a building contractor may hire a subcontractor to complete the electrical wiring part of the contractor's building job. The contractor is responsible to the client for the building job including the part performed by the subcontractor.
AIA Document G70621221994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.
There are several steps you can take to establish strong and effective communication with contractors in the workplace.Establish Clear Communication Channels.Communicate Protocols Regarding Workplace Hazards.Establish a Two-Way Reporting System.Contract Coordination.Planning.Staffing.