The Contractor's Affidavit is a critical document in U.S. construction law that provides protection for property owners, lenders, and contractors alike. It is typically required before final payment disbursement, during property sales, or when refinancing properties where construction work has been performed. This sworn statement includes details about work completion, payment status, subcontractor information, and confirmation that all labor and materials have been paid for. The document helps prevent potential mechanics' liens and ensures compliance with state-specific construction laws.
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1. Identification: Contractor's full legal name, address, and license information
2. Project Details: Specific information about the construction project or work performed
3. Payment Declaration: Statement regarding payments received and outstanding amounts
4. Lien Waiver: Declaration regarding liens and claims
5. Verification: Sworn statement of truth and accuracy
1. Subcontractor Declaration: List of subcontractors and their payment status - include when project involves subcontractors
2. Material Suppliers Statement: Declaration regarding material suppliers and payment status - include when significant materials were supplied by third parties
3. Insurance Certification: Statement regarding insurance coverage - include when specific insurance verification is required
1. Schedule A - List of Subcontractors: Detailed list of all subcontractors with contact information and payment status
2. Schedule B - Payment Records: Detailed breakdown of payments received and disbursed
3. Schedule C - Lien Waivers: Copies of lien waivers from subcontractors and suppliers
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