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Subcontractor or Suppliers Statement of Intent to Contract and Perform Project Name Project Number Federal Tax I.D. Contractor Name Subcontractor or Material Supplier Name Address City, State ZIP

How to fill out subcontractor or suppliers statement

How to fill out a subcontractor or suppliers statement:

1. Begin by ensuring that you have all the necessary information and documentation about the subcontractor or supplier you are working with. This may include their legal name, address, contact information, and any necessary certifications or licenses.
2. Clearly identify the project or job for which the subcontractor or supplier statement is being filled out. Include important details such as the project name, location, and start and end dates.
3. Provide a detailed description of the work or materials that the subcontractor or supplier has provided or will provide for the project. Be specific and include quantities, unit prices, and any applicable taxes or fees.
4. Include any relevant insurance information, such as the subcontractor or supplier's liability insurance coverage. This is important for risk management purposes and protecting both parties involved in the project.
5. If applicable, include any retainage or payment terms that have been agreed upon between you and the subcontractor or supplier. This may include information on how and when payments will be made, and any penalties or deductions for late or incomplete work.
6. Sign and date the subcontractor or supplier statement, and ensure that it is also signed by the subcontractor or supplier. This ensures that both parties have agreed to the terms and conditions outlined in the statement.

Who needs a subcontractor or suppliers statement:

1. General contractors: General contractors typically require subcontractors or suppliers to provide a statement in order to properly document and track the work being done for a specific project. It helps in streamlining the payment process and maintaining accurate records.
2. Subcontractors: Subcontractors may also need to fill out a statement when they are working on a project that requires them to hire additional sub-subcontractors or suppliers. This allows them to provide proper documentation to the general contractor and ensure compliance with the project requirements.
3. Suppliers: Suppliers who provide materials or equipment for construction projects may also be asked to fill out a statement. This is particularly important for tracking the delivery and payment of materials, as well as ensuring that the supplier is properly registered and insured.

In summary, filling out a subcontractor or supplier statement involves providing detailed information about the work or materials provided, insurance details, payment terms, and signatures from both parties. It is typically required by general contractors, subcontractors, and suppliers involved in construction projects.

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What is subcontractor or suppliers statement?

A subcontractor or suppliers statement is a document that provides information about payments made to subcontractors or suppliers for construction projects.

Who is required to file subcontractor or suppliers statement?

General contractors are usually required to file subcontractor or suppliers statements.

How to fill out subcontractor or suppliers statement?

Subcontractor or suppliers statements can be filled out by providing details of payments made to subcontractors or suppliers, including their names, addresses, and payment amounts.

What is the purpose of subcontractor or suppliers statement?

The purpose of subcontractor or suppliers statements is to track payments made to subcontractors or suppliers for construction projects and ensure compliance with regulations.

What information must be reported on subcontractor or suppliers statement?

Information such as the names, addresses, and payment amounts of subcontractors or suppliers must be reported on subcontractor or suppliers statements.