New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors

• Category: Construction - Contractors - Affidavits
• State: Multi-State
• Control #: US-00585
• Format: Word; Rich Text

Description

This form should be completed and signed by the owner and contractor, where applicable, to attest that there are no outstanding invoices on the completed project, and that all liens have been dismissed or any future lien rights are otherwise waived. The affidavit further requests that the insurer issue a policy based on these affirmations. The New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors is a legal document that serves as proof of the successful completion of a construction project and the payment of subcontractors involved in the project. This affidavit is commonly required by state and local government agencies, as well as lenders and property owners, to ensure that all parties have fulfilled their obligations. The affidavit includes detailed information about the project, such as the location, description, and scope of work performed. It also specifies the names and contact information of the contractor, owner, and subcontractors involved in the project. The document outlines the total contract price, the payment terms, and the agreed-upon schedule for payments. Furthermore, the affidavit includes a section where the contractor certifies that all work has been completed in accordance with the contract requirements and that all necessary permits and inspections have been obtained. It also requires the contractor to affirm that all subcontractors have been paid in full for their services, materials, and labor. Different types of New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors may exist depending on specific circumstances. Some variations or additional forms include: 1. Partial Payment Affidavit: This type of affidavit is used when the project is not yet fully completed, and the contractor certifies the partial completion of the work and payment to subcontractors for completed portions. 2. Final Payment Affidavit: This affidavit is required when the project has reached full completion, and it certifies the final payment made to subcontractors. It acts as proof that all financial obligations towards subcontractors have been satisfied. 3. Change Order Affidavit: In cases where changes or modifications to the original contract have been made, a Change Order Affidavit may be necessary. This affidavit acknowledges and certifies the adjustments in scope, payments, and obligations between the contractor and subcontractors. It is important to consult legal counsel or relevant authorities to determine the exact affidavit required for a specific project, as the requirements and forms may vary based on the project's type, size, and jurisdiction. Compliance with local regulations is crucial to avoid potential legal issues and ensure a smooth construction process.

The New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors is a legal document that serves as proof of the successful completion of a construction project and the payment of subcontractors involved in the project. This affidavit is commonly required by state and local government agencies, as well as lenders and property owners, to ensure that all parties have fulfilled their obligations. The affidavit includes detailed information about the project, such as the location, description, and scope of work performed. It also specifies the names and contact information of the contractor, owner, and subcontractors involved in the project. The document outlines the total contract price, the payment terms, and the agreed-upon schedule for payments. Furthermore, the affidavit includes a section where the contractor certifies that all work has been completed in accordance with the contract requirements and that all necessary permits and inspections have been obtained. It also requires the contractor to affirm that all subcontractors have been paid in full for their services, materials, and labor. Different types of New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors may exist depending on specific circumstances. Some variations or additional forms include: 1. Partial Payment Affidavit: This type of affidavit is used when the project is not yet fully completed, and the contractor certifies the partial completion of the work and payment to subcontractors for completed portions. 2. Final Payment Affidavit: This affidavit is required when the project has reached full completion, and it certifies the final payment made to subcontractors. It acts as proof that all financial obligations towards subcontractors have been satisfied. 3. Change Order Affidavit: In cases where changes or modifications to the original contract have been made, a Change Order Affidavit may be necessary. This affidavit acknowledges and certifies the adjustments in scope, payments, and obligations between the contractor and subcontractors. It is important to consult legal counsel or relevant authorities to determine the exact affidavit required for a specific project, as the requirements and forms may vary based on the project's type, size, and jurisdiction. Compliance with local regulations is crucial to avoid potential legal issues and ensure a smooth construction process.