The New York Contractor's Affidavit of Payment to Subs is a legal document used in the state of New York by contractors to provide proof of payment made to subcontractors on a construction project. It is used to comply with the requirements of New York lien laws and protects the contractor from potential legal disputes or claims from unpaid subcontractors. The affidavit contains various relevant details, including the project name, location, and identification number, as well as the names and addresses of both the contractor and subcontractor(s) involved. It also includes a section to list the specific services or materials provided by each subcontractor, along with the corresponding payment amount. This document ensures transparency and accountability in the payment process, as it requires the contractor to state under oath that all listed subcontractors have been paid in full for the services or materials they have provided. It serves as a legal declaration, confirming that the contractor has met their financial obligations to the subcontractors. In addition to the standard Contractor's Affidavit of Payment to Subs, there are specific types that may be used in certain situations or for different types of construction projects in New York. Some common variations include: 1. Public Works Contractor's Affidavit of Payment to Subs: This type of affidavit is used for public works projects, which are typically government-funded construction projects. It follows the same format as the standard affidavit but may have additional requirements to comply with specific regulations and reporting obligations for public works contracts. 2. Private Works Contractor's Affidavit of Payment to Subs: This variation is used for private construction projects, not funded by the government. It is similar to the standard affidavit but tailored for private sector projects, and may have slight differences in reporting requirements or templates. These affidavits play a crucial role in demonstrating that subcontractors have been paid, ensuring the fair treatment of all parties involved in a construction project. They are often required by owners, lenders, or other stakeholders as part of the documentation process to release payment or to secure lien waivers. Contractors must maintain accurate records and adhere to the legal requirements concerning the affidavits to protect their interests and maintain a good reputation within the industry.
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.