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GENERAL CONTRACTOR COST CERTIFICATION FORM AND INSTRUCTIONS These instructions are designed to assist Housing Credit (HC) Applicants, General Contractors, and independent Certified Public Accountants
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How to fill out general contractor cost certification
How to fill out general contractor cost certification:
01
Start by gathering all necessary information and documents related to the project, such as contracts, invoices, and receipts.
02
Refer to the specific form provided by the organization or agency requiring the certification. This form may vary, so it's important to ensure you have the correct one.
03
Fill out the contractor information section, which typically includes your company name, address, contact information, and contractor's license number.
04
Provide details about the project, including its name, location, and start and end dates. If applicable, include any permit numbers or project identification numbers.
05
Break down the costs of the project, categorizing them into appropriate sections such as labor, materials, equipment, subcontractors, and any additional expenses. Be sure to provide detailed descriptions and itemized amounts for each category.
06
Calculate the total cost of the project and ensure it matches the sum of all the individual cost categories.
07
Sign and date the certification form, confirming that all the information provided is accurate and complete.
08
Submit the filled-out form along with any supporting documents as required by the organization or agency.
Who needs general contractor cost certification:
01
Government agencies: Many government organizations, such as federal, state, and local entities, may require general contractor cost certification for projects funded or regulated by them.
02
Banks and lenders: When seeking financing for construction projects, banks and lenders may request general contractor cost certification to ensure the accuracy of the project's budget and costs.
03
Insurance companies: Some insurance providers may request general contractor cost certification to assess the value of a project for insurance coverage purposes.
04
Auditors and accountants: Professionals responsible for auditing or financial reporting may request general contractor cost certification to verify project expenses and expenditures.
Overall, anyone involved in construction projects that require transparency and accurate cost reporting may need general contractor cost certification. It is always best to check with the specific organization or agency to determine their certification requirements.
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What is general contractor cost certification?
General contractor cost certification is a document that verifies the costs incurred by a general contractor during a construction project.
Who is required to file general contractor cost certification?
General contractors are required to file general contractor cost certification.
How to fill out general contractor cost certification?
General contractor cost certification can be filled out by providing detailed information about the costs incurred during the construction project.
What is the purpose of general contractor cost certification?
The purpose of general contractor cost certification is to ensure that the costs reported by the general contractor are accurate and legitimate.
What information must be reported on general contractor cost certification?
The general contractor must report detailed information about the costs incurred during the construction project, including labor costs, materials costs, and any other related expenses.
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