South Carolina Contractor's Final Affidavit of Payment to Subcontractors
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How to fill out Contractor's Final Affidavit Of Payment To Subcontractors?
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FAQ
The main contractor is able to withhold payment if the work or goods supplied by a subcontractor are deemed unsuitable. Evidence of this should always be provided along with the option to rectify any shortcomings.
North Carolina lien waivers do not need to be notarized to be effective.
The waivers need not be notarized. It is sufficient that it is in writing. The taxpayer is bound to submit his duly executed waiver to the officers of the Bureau and to retain his copy of the accepted waiver.
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.
A mechanic's lien allows a contractor, subcontractor or supplier to recover the value of the labor or materials provided by the contractor, subcontractor or supplier for the benefit of the property owner. S.C.
The courts recognize the subcontractor's right to sue the owner directly for the payment of its claim to the extent that the master contract creates an express obligation on the owner's part (must) as opposed to a mere option (may) to make payment to the general contractor conditional upon the latter's having
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An "Unconditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date with no stipulations. A "Conditional Waiver and Release Upon Progress Payment" discharges all claimant rights through a specific date, provided the payments have actually been received and processed.
Lien waivers in South Carolina do not need to be notarized in order to be effective, they must merely be in writing.
The prime contractor has a direct contractual agreement with the property owner. If the contractor isn't paid, he can sue on the contract and record a mechanic's lien. But subcontractors, workers and suppliers don't have a contract with the property owner.