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This document is used by contractors to provide a sworn statement and affidavit for partial payment related to a contract with the Public Building Commission of Chicago, affirming the completion of
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How to fill out contractors sworn statement and
How to fill out Contractor's Sworn Statement and Affidavit for Partial Payment
01
Begin by obtaining the Contractor's Sworn Statement and Affidavit for Partial Payment form from the relevant authority or website.
02
Fill in the contractor's name, address, and contact information at the top of the form.
03
Provide details of the project, including the project name, location, and a description of the work performed.
04
List all suppliers and subcontractors who have provided services or materials for the project, including their names and addresses.
05
Indicate the amount due to each subcontractor and supplier, ensuring to include payment details.
06
Confirm that all previous payments have been made and include an affidavit attesting to this fact.
07
Sign and date the document in the presence of a notary public, if required.
08
Submit the completed form to the relevant party requesting proof of payment.
Who needs Contractor's Sworn Statement and Affidavit for Partial Payment?
01
The Contractor's Sworn Statement and Affidavit for Partial Payment is typically needed by project owners, general contractors, and lenders who require proof of payment to subcontractors and suppliers before releasing partial payment.
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What is a contractor's sworn statement?
Sworn statements list all contractors and suppliers that are providing labor or materials for a project. Owners and GCs use them for transparency into who's working on the project and how much they're owed so they can better track payments and watch out for potential payment issues.
How to make a sworn affidavit sample?
The following are six critical sections that must be included: Title. This is either your name (“Affidavit of Jane Doe”) or the specific case information. Statement of identity. The next paragraph tells the court about yourself. Statement of truth. Statement of facts. Closing statement of truth. Sign and notarize.
How to fill out a contractor's sworn statement?
Include the name of the Contractor or subcontractor applying for payment, and who performed the Work on the Project for the applicable payment period. Customer. This refers to the name of the party with whom the Contractor has an agreement to perform the Work on the Project. Property Owner.
What is a contractor's final payment affidavit?
by Practical Law Real Estate. Related Content. MaintainedStandard documentsUnited States. A contractor's affidavit to notify a property owner that final payment is due for improvements to the real property.
What is the meaning of a sworn statement?
A sworn statement is a legal document that lists facts or statements relevant to a court case. It is similar to an affidavit, but a sworn statement does not need to be acknowledged by a notary public.
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What is Contractor's Sworn Statement and Affidavit for Partial Payment?
The Contractor's Sworn Statement and Affidavit for Partial Payment is a legal document provided by a contractor to verify that all subcontractors and suppliers have been paid for their work and that the project is on track for payment. It ensures transparency and protects the owner from potential lien claims.
Who is required to file Contractor's Sworn Statement and Affidavit for Partial Payment?
Typically, the contractor or subcontractor who is seeking partial payment for work completed is required to file the Contractor's Sworn Statement and Affidavit for Partial Payment.
How to fill out Contractor's Sworn Statement and Affidavit for Partial Payment?
To fill out the Contractor's Sworn Statement and Affidavit for Partial Payment, the contractor should provide detailed information about the work performed, list all subcontractors and suppliers, confirm payments made, and sign the affidavit under penalty of perjury, attesting to the accuracy of the information provided.
What is the purpose of Contractor's Sworn Statement and Affidavit for Partial Payment?
The purpose of the Contractor's Sworn Statement and Affidavit for Partial Payment is to ensure accountability in the payment process, to protect property owners from claims of unpaid work, and to facilitate smooth financial transactions during construction projects.
What information must be reported on Contractor's Sworn Statement and Affidavit for Partial Payment?
The information that must be reported includes the contractor's name and address, the project details, the amounts owed to subcontractors and suppliers, a declaration confirming that all deductions and payments have been made, and a signed statement affirming the truthfulness of the document.
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