The Hawaii Contractor's Final Affidavit of Payment to Subcontractors is a legal document that plays a crucial role in construction projects in Hawaii. It is used to certify that a general contractor has made all necessary payments to subcontractors, suppliers, and other individuals involved in the construction process. The affidavit serves as a declaration of compliance, ensuring that all financial obligations have been met according to the Hawaii Prompt Payment Act and other relevant laws and regulations. It protects both the general contractor and the property owner by providing proof that all parties have been fairly compensated and that there are no outstanding payment claims. The affidavit typically includes key information such as the project name, contract number, and date of completion. It lists all subcontractors and suppliers who have participated in the project, along with their contact information and the amounts paid to each. The document should also detail any retain age or withheld funds, explaining the reasons for such action if applicable. It is important to note that there may be variations of the Hawaii Contractor's Final Affidavit of Payment to Subcontractors depending on the specific requirements of the project or the organizations involved. For instance, there could be different templates for residential and commercial construction projects. Additionally, some projects may require the affidavit to be notarized or include additional supporting documentation, such as lien releases or waivers. Submitting the Contractor's Final Affidavit of Payment to Subcontractors is typically one of the prerequisites for obtaining a final payment from the property owner or the release of any remaining retain age. This document provides a level of assurance to the property owner that all parties have been compensated fairly and allows for the smooth completion of the project. In summary, the Hawaii Contractor's Final Affidavit of Payment to Subcontractors is a legally binding document that affirms the completion of payments owed to subcontractors and suppliers involved in a construction project. Its purpose is to provide proof of compliance with payment obligations and protect the interests of all parties involved.
Hawaii Contractor's Final Affidavit of Payment to Subcontractors
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Related to Main Sub-Contractor Sub-Contractors means those persons furnishing labor or materials for the Project pursuant to the Sub- Contracts.
If the consumer decides to cancel the contract, the consumer must send the contractor a written notice of his or her decision. The consumer may use the Notice of Cancellation form that the contractor has provided (see D. below) but the consumer is not required to use this form.
Named subcontractors A named subcontractor is named by the employer in the main contract, and is employed by the main contractor to carry out part of the main contract works. Naming subcontractors enables the employer to steer the main contractor's choice of a subcontractor for particular works.
Direct subcontractor means a person who has entered into an agreement with a contractor to provide services or perform work that is required pursuant to a contract with a city agency.
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.
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.
A Notice of Completion is a document that establishes the official date that a construction project is considered complete. This is particularly important for parties involved in the project that have mechanics lien rights, because the Notice of Completion shortens mechanics lien deadlines.
This amount is also notified to the nominated sub-contractor. The contractor must then pay the nominated sub-contractor the certified amount. The contract may allow the client to pay the nominated sub-contractor directly if the main contractor fails to do so.
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.
A selected subcontractor is a party executing work. provided for in a selected subcontract amount. included in the contract sum or, in respect of. additional specialist work, a subcontractor appointed. as a selected subcontractor in terms of a contract.
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