The South Carolina Contractor's Final Affidavit of Payment to Subcontractors is a legal document that is typically used in the construction industry to certify that all subcontractors and suppliers involved in a construction project have been paid in full. This affidavit serves as proof that the general contractor has fulfilled all payment obligations to subcontractors, ensuring that there are no outstanding payments or lien claims against the property. The affidavit includes various relevant keywords such as: 1. Contractor: Refers to the party responsible for overseeing and managing the construction project. This could be an individual or a company. 2. Subcontractor: Refers to the individual or company hired by the general contractor to perform specific tasks or provide services in the construction project. 3. Affidavit: A sworn statement made under oath, attesting to the truthfulness of the information provided in the document. 4. Payment: Refers to the monetary compensation made by the contractor to subcontractors for the work performed or materials supplied. 5. Final: Indicates that the affidavit is being filed at the completion or final stages of the project, certifying that all payments have been made. It is important to note that there may be variations in the South Carolina Contractor's Final Affidavit of Payment to Subcontractors depending on the specific project or contract. Some possible types or variations that could exist include: 1. Private Construction Project Affidavit: Used for construction projects involving private property and privately funded contracts. 2. Public Construction Project Affidavit: Specifically designed for construction projects involving government agencies or public properties. This affidavit may have additional requirements or documentation needed to comply with government regulations. 3. Residential Construction Project Affidavit: Designed for residential construction projects such as building or remodeling homes, apartments, or condominiums. 4. Commercial Construction Project Affidavit: Used for construction projects involving commercial properties, such as office buildings, retail stores, or industrial facilities. These variations may have minor differences in language or requirements, but the overall purpose remains the same — to certify final payment to subcontractors and suppliers.
South Carolina Contractor's Final Affidavit of Payment to Subcontractors
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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.