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This document serves as an affidavit for owners or contractors to declare the value of proposed construction or renovation projects and confirms their legal responsibilities regarding any value changes
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How to fill out ownercontractor affidavit for constructionrenovation

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How to fill out Owner/Contractor Affidavit for Construction/Renovation Value

01
Obtain the Owner/Contractor Affidavit form from your local government or construction authority.
02
Fill in the property address where the construction/renovation is taking place.
03
Provide your name and contact information as the owner or contractor.
04
Specify the value of the construction or renovation project accurately.
05
Include any necessary license numbers and permits associated with the project.
06
Review the affidavit for accuracy and completeness before signing.
07
Sign and date the affidavit in the designated area to certify the information.

Who needs Owner/Contractor Affidavit for Construction/Renovation Value?

01
Property owners who are undertaking construction or renovation projects.
02
General contractors hired to manage or perform construction work.
03
Subcontractors involved in the construction process may also need to submit an affidavit.
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People Also Ask about

G707–1994, Consent of Surety to Final Payment – intended for use as a companion to AIA Document G706™–1994, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond.
A contractor's affidavit is a legally binding document that outlines facts about the construction project and should clearly state the contractor's agreement to comply with all applicable laws, regulations, and contract terms.
AIA Document G706™–1994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied. When to use. Any size project.
The G702 (Application and Certificate for Payment) is like the summary page of an invoice. It shows the total value of your contract, how much work has been done, contract changes, and how much you're asking to be paid now. The G703 (Continuation Sheet) supports the G702 by providing a detailed work breakdown.
Seven Things to Never Say to a Contractor Never Tell a Contractor They are the Only One Bidding on the Job. Don't Tell a Contractor Your Budget. Never Ask a Contractor for a Discount if You Pay Upfront. Don't Tell a Contractor That You Aren't in A Hurry. Do Not Let a Contractor Choose the Materials.
Elements of a construction contract Name of contractor and contact information. Name of homeowner and contact information. Describe property in legal terms. List attachments to the contract. The cost. Failure of homeowner to obtain financing. Description of the work and the completion date. Right to stop the project.
A G704 is a Certificate of Substantial Completion issued by an architect after the Department of Buildings (DOB) issues a Temporary Certificate of Occupancy (TCO). This alternative process will expedite the move-in process for households with a subsidy.
AIA Documents promote fair and balanced relationships among all parties involved in a construction project. They provide clear definitions of roles, responsibilities, and obligations, helping to minimize disputes and misunderstandings.

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The Owner/Contractor Affidavit for Construction/Renovation Value is a legal document that certifies the value of construction or renovation work completed on a property. It is typically used to confirm project costs for permits and inspections.
Typically, both the property owner and the contractor are required to file the affidavit. It ensures that all parties involved in the construction or renovation process are accountable for reporting the project's cost accurately.
To fill out the affidavit, the owner or contractor must provide details such as project address, description of work, total construction cost, and signatures of both parties. It's important to follow local regulations as the format may vary.
The purpose of the affidavit is to provide a formal declaration of the project's construction or renovation value, ensure compliance with local building codes, and facilitate the approval process for necessary permits.
The affidavit must report information such as the property address, project description, total cost of construction or renovation, contractor's details, and must include the signatures of both the owner and the contractor.
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