The Arizona Contractor's Affidavit of Payment to Subs is a legal document that serves as a declaration from a contractor to the state of Arizona, certifying that all subcontractors involved in a construction project have been paid accordingly. This affidavit is often required by the Arizona Registrar of Contractors as part of the licensing and compliance process. The affidavit acts as a guarantee that the contractor has fulfilled their financial obligations to subcontractors, ensuring that all parties involved in the construction project receive their lawful payment in a timely manner. It provides a level of transparency and protection for subcontractors, preventing any fraudulent or negligent practices by contractors, and promoting fair and ethical business practices within the construction industry. The affidavit typically contains various details, including the contractor's name, contact information, and license number. It also requires the contractor to specify the project's name, location, and the contract amount. Additionally, the affidavit must have a comprehensive list of all subcontractors and suppliers employed for the project, including their names, addresses, and the amount of payment made to each. The document may also include information about any outstanding payments, liens, or claims related to the project. It is important to note that there are various types of Arizona Contractor's Affidavit of Payment to Subs, based on the specific requirements of the project or the entity requesting the affidavit. These may include: 1. Preliminary Affidavit of Payment: This type of affidavit is typically submitted at the beginning of a construction project, providing an initial declaration of the contractor's intention to fulfill their payment obligations to subcontractors. 2. Progress Affidavit of Payment: This affidavit is submitted periodically during the construction project, usually at predefined milestones or stages, updating the payment status for each subcontractor and supplier. 3. Final Affidavit of Payment: This affidavit is submitted at the completion of the project, certifying that all subcontractors and suppliers have been paid in full and confirming the release of any liens or claims. The specific content and format of the affidavit may vary depending on the requirements of the Arizona Registrar of Contractors or other entities involved in the construction process. It is advisable for contractors to consult with legal professionals or refer to official guidelines to ensure compliance and accuracy when preparing the Arizona Contractor's Affidavit of Payment to Subs.
General Contractor Affidavit Form
Description contractor affidavit
How to fill out Arizona Contractor's Affidavit Of Payment To Subs?
If you intend to aggregate, retrieve, or create official document templates, utilize US Legal Forms, the finest assortment of legal documents available online.
Employ the website's straightforward and effective tools to acquire the documents you require.
Various templates for commercial and personal applications are organized by categories and states, or keywords. Utilize US Legal Forms to access the Arizona Contractor's Affidavit of Payment to Subs in just a few clicks.
Every legal document template you acquire is yours permanently.
You have access to every document you downloaded in your account. Navigate to the My documents section and choose a document to print or download again. Complete and download, and print the Arizona Contractor's Affidavit of Payment to Subs with US Legal Forms. There are countless professional and state-specific documents you can utilize for your business or personal needs.
- If you are an existing US Legal Forms member, sign in to your profile and then click the Download button to retrieve the Arizona Contractor's Affidavit of Payment to Subs.
- You can also access forms you previously downloaded in the My documents section of your account.
- If you are using US Legal Forms for the first time, follow the directions below.
- Step 1. Ensure you have chosen the document for the appropriate region/state.
- Step 2. Use the Preview feature to review the form's content. Remember to read the details.
- Step 3. If you are dissatisfied with the document, utilize the Search box at the top of the screen to find other variations within the legal document template.
- Step 4. Once you have found the form you need, select the Get now option. Choose the payment plan you prefer and input your details to register for an account.
- Step 5. Complete the transaction. You can use your credit card or PayPal account to finalize the payment.
- Step 6. Select the format for the legal document and download it to your device.
- Step 7. Complete, modify, and print or sign the Arizona Contractor's Affidavit of Payment to Subs.
Form popularity
FAQ
The main contractor is able to withhold payment if the work or goods supplied by a subcontractor are deemed unsuitable. Evidence of this should always be provided along with the option to rectify any shortcomings.
If the contractor defaults or otherwise doesn't take care of your wages, you can file a claim with the surety company to get at least part of your money. The surety company then takes the contractor to court to recover the amount.
The ability to withhold payment needs to be written out in the contract because, in most states, verbal agreements for commercial work are not binding and will not hold up in court. With a written contract that both parties agree to, it's safe for a contractor to withhold payment if a vendor becomes non-compliant.
A direct payment clause says that if you have paid the main contractor for work done by subcontractors and your money is not passed on to them, you can pay the subcontractor directly and deduct the payment from any other monies due to the main contractor.
When Can Contractors Withhold Payment From Subcontractors? The main contractor is able to withhold payment if the work or goods supplied by a subcontractor are deemed unsuitable. Evidence of this should always be provided along with the option to rectify any shortcomings.
Contractors and subcontractors don't affect your payroll, because they're not employees. When you negotiate a job with the contractor, generally, you agree to pay them a flat fee not a salary or hourly rate.
AIA Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under EXCEPTIONS in the document. AIA Document G706 is typically executed as a condition of final payment.
AIA Document G70621221994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied.
AIA Document G702®1992, Application and Certificate for Payment, and G703A®1992, Continuation Sheet, provide convenient and complete forms on which the contractor can apply for payment and the architect can certify that payment is due.
A nominated sub-contractor is one that is selected by the client to carry out an element of the works and then imposed on the main contractor after the main contractor has been appointed.