Get the free contractor’s final payment affidavit

This document serves as an affidavit for the final payment by the contractor, affirming that all costs related to labor, materials, and other claims for a specific construction project have been paid

How to fill out contractor’s final payment affidavit

How to fill out contractor’s final payment affidavit

1. Title the document as 'Contractor’s Final Payment Affidavit'.
2. Include the project name, address, and the contract details at the beginning.
3. State the contractor's name, address, and license number.
4. Specify the total amount due for payment.
5. Declare that all laborers and suppliers have been paid, or provide a list of outstanding payments.
6. Include the date that the final payment is being submitted.
7. Sign the affidavit in the designated area, and include the date of signing.

Who needs contractor’s final payment affidavit?

1. Contractors who have completed a project and are seeking final payment.
2. Property owners or clients who need proof that expenses have been settled before releasing final payment.
3. Subcontractors or suppliers who may require confirmation that they have been paid.

People Also Ask about

What is an G706?

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.

Why the notice of completion is important?

A Notification of Completion can shorten the deadline for contractors and suppliers to use collection tools such as mechanic's liens and stop payment notices. For this reason, a Notification of Completion is sometimes used by project owners as a tool to protect against potential lien claims.

What is the affidavit of completion of a project?

Affidavit of Completion means the affidavit to be filed by or on behalf of the Issuer with the Trustee relating to the Project stating that the Project is substantially completed in ance with the terms of the Financing Agreement and is ready for use and occupancy.

Does an affidavit of completion need to be recorded in Texas?

In Texas, filing an Affidavit of Completion is voluntary. It's usually filed by the project owner but can also be filed by the general contractor.

What is a contractor's affidavit in Florida?

Simply stated, it is a document advising the owner of a property that the contractor is asking for a final payment. It will also list if any, unpaid lienors. If there is nobody who has lien rights and is unpaid, there is a section in the form where you will write not applicable (N/A) or none.

For pdfFiller’s FAQs

What is contractor’s final payment affidavit?

A contractor’s final payment affidavit is a legal document that certifies that all laborers, subcontractors, and suppliers have been paid for their work and materials provided for a construction project.

Who is required to file contractor’s final payment affidavit?

Typically, the contractor or general contractor responsible for the project is required to file the contractor’s final payment affidavit before receiving the final payment from the property owner.

How to fill out contractor’s final payment affidavit?

To fill out a contractor’s final payment affidavit, the contractor must complete the form by providing details such as the project name, address, final payment amount, names of subcontractors and suppliers, and certifications that all payments have been made.

What is the purpose of contractor’s final payment affidavit?

The purpose of the contractor’s final payment affidavit is to inform the property owner that all financial obligations related to the project have been settled, thus preventing claims or liens from unpaid subcontractors or suppliers.

What information must be reported on contractor’s final payment affidavit?

The contractor’s final payment affidavit must report information including the project details, final payment amount, names and addresses of subcontractors and suppliers, and a statement confirming that all parties have been paid.