Bronx New York 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
This is a standard form for use when a surety company is involved and the owner/contractor agreement contains a clause whereby retainage is reduced during the course of the construction project.
AIA Document G706A21221994 supports AIA Document G70621221994 in the event that the owner requires a sworn statement of the contractor stating that all releases or waivers of liens have been received.
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.
In the sentence, the person writing the statement must state that he or she is stating that the information is accurate. (Example: I, Jane Doe, solemnly swear that the contents of this document are true and correct, and that I agree to abide by the terms in this affidavit.)
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.
How to write an affidavitWrite the heading AFFIDAVIT.State your name and personal details (i.e. ID number, gender, address, contact details, etc.).State that you are making a declaration under oath (i.e. I, the undersigned, declare the following under oath).Write the facts in a numbered list.More items...
6 steps to writing an affidavitTitle the affidavit. First, you'll need to title your affidavit.Craft a statement of identity. The very next section of your affidavit is what's known as a statement of identity.Write a statement of truth.State the facts.Reiterate your statement of truth.Sign and notarize.
On final payment of Owner and upon Owner's request, Contractor shall provide Owner with an affidavit stating that all labor, material and equipment used in the performance of the Worn have been paid for or will be paid in full by Contractor unless otherwise noted. Affidavit of Payment.
Form G702 (Application and Certificate for Payment) is used by subcontractors throughout America to make the procedure for receiving payments for work performed regulated and convenient for all parties to the process. Such forms indicate the amount of payment paid for the work done for a certain period.
