The New Hampshire Contractor's Affidavit of Payment to Subs is a legal document used in the construction industry to verify that a contractor has made prompt payments to their subcontractors and suppliers. This affidavit serves as proof that the contractor has fulfilled their financial obligations and helps to prevent potential legal disputes or claims against them. The Contractor's Affidavit of Payment to Subs is typically required by the property owner or general contractor before final payment is made to the contractor for their work. It ensures that all parties involved in the construction project, including the subcontractors and suppliers, have been compensated adequately and on time. This document contains various relevant keywords and details, including: 1. Contractor's Information: The affidavit starts by providing important information about the contractor, including their legal name, business address, contact information, and contractor license number. This ensures accuracy and helps to establish the contractor's identity. 2. Project Description: The affidavit includes a detailed description of the construction project, such as the property address, owner's name, and any relevant project identification numbers or permits. This helps to identify the specific project to which the affidavit applies. 3. List of Subcontractors and Suppliers: The document requires the contractor to list all subcontractors and suppliers involved in the project. It includes their legal names, addresses, and the nature of their work or provided goods/services. This information ensures complete transparency and provides an opportunity to verify the payments made to each party. 4. Payment Details: The affidavit requires the contractor to provide a breakdown of each subcontractor or supplier's payment, including the amount paid, date of payment, and method of payment. This ensures that all payments are accurately recorded and can be easily verified. Different types of Contractor's Affidavit of Payment to Subs can include specific project or organization requirements. For example, there may be variances in formatting or additional sections specific to certain projects, such as government-funded projects or those subject to prevailing wage laws. However, the core purpose of the affidavit remains the same — to confirm that all payments to subcontractors and suppliers have been made in a timely manner. In summary, the New Hampshire Contractor's Affidavit of Payment to Subs is a crucial document that confirms a contractor's commitment to making prompt and proper payments to their subcontractors and suppliers. It provides a record of all payments made, ensuring transparency and reducing the risk of potential legal disputes.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.