Fairfax Virginia Owner's and Contractor Affidavit of Completion and Payment to Subcontractors is a legally binding document used in the construction industry to certify that all work on a project has been completed, and all payments to subcontractors have been made. This affidavit serves to protect the rights of both the owner and the contractor by ensuring transparency and accountability in the payment process. In Fairfax, Virginia, there are two main types of Owner's and Contractor Affidavit of Completion and Payment to Subcontractors: 1. Preliminary Affidavit: This type of affidavit is typically filed before the start of the construction project. It includes details such as the project's scope, estimated costs, subcontractors involved, and payment terms. This preliminary affidavit helps establish the financial obligations of the contractor to the subcontractors and serves as a reference for future payment verifications. 2. Final Affidavit: This affidavit is submitted upon project completion and certifies that all work has been finished, and all subcontractors have been paid in full. It outlines the final costs, any changes in scope or additional agreements, and confirms that there are no outstanding financial obligations to subcontractors. The final affidavit protects the owner from any potential legal claims by subcontractors due to unpaid or underpaid work. Both the preliminary and final affidavits are crucial in ensuring a smooth payment process and avoiding disputes between parties involved in a construction project. These documents provide a clear record of payments made and help prevent any financial complications that may arise during or after the project's completion. It is important for owners and contractors in Fairfax, Virginia, to understand the significance of these affidavits and to ensure that they are accurately completed and filed in a timely manner. Adhering to the legal requirements of these affidavits helps maintain transparency, fosters good working relationships, and safeguards the financial interests of all parties involved in a construction project.
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.