Ohio Contractor's Affidavit of Payment to Subs

• Category: Construction - Affidavits
• State: Multi-State
• Control #: US-00468
• Format: Word; Rich Text

Description

This Contractor's Affidavit of Payment to Subs is the Contractor's Affidavit of payment to the subcontractors on a specified date prior to completion of the project. This Affidavit must be signed in front of a notary public. This Affidavit is for use in any state. The Ohio Contractor's Affidavit of Payment to Subs is a legal document used in the construction industry to certify that a contractor has made payment to its subcontractors for work performed on a project. This affidavit is required by the Ohio Revised Code Section 1311.04. The affidavit serves as a form of protection for subcontractors, ensuring that they are compensated fairly and on time. By providing this document, the contractor is affirming that they have fulfilled their payment obligations towards their subcontractors. There are two main types of Ohio Contractor's Affidavit of Payment to Subs: 1. Contractor's Affidavit of Payment to Subcontractors: This type of affidavit is used when a contractor has engaged multiple subcontractors for a specific project. It lists all the subcontractors involved and details the amount of payment made to each subcontractor. The contractor must provide this affidavit to the property owner or general contractor to demonstrate that all subcontractors have been paid. 2. Contractor's Affidavit of Payment to Single Subcontractor: This affidavit is used when a contractor hires a single subcontractor for a project. It confirms that the contractor has paid the subcontractor in full for the work completed. This affidavit may be requested by the property owner, general contractor, or even the subcontractor themselves to ensure proper payment has been made. These affidavits are typically prepared by the contractor's legal counsel or accounting department and must be notarized to make them legally binding. The document includes key information such as the project name, the contractor's name and contact information, the subcontractor's name and contact information, a breakdown of payment made to each subcontractor (including any retain age withheld), and the date of the affidavit. The affidavit also includes a statement affirming that all information provided is accurate and complete. In summary, the Ohio Contractor's Affidavit of Payment to Subs is a crucial document for contractors operating in Ohio's construction industry. It ensures transparency and accountability by providing evidence of payment to subcontractors. By adhering to the affidavit requirements, contractors can maintain a reputable business image and avoid disputes related to payment compliance.

The Ohio Contractor's Affidavit of Payment to Subs is a legal document used in the construction industry to certify that a contractor has made payment to its subcontractors for work performed on a project. This affidavit is required by the Ohio Revised Code Section 1311.04. The affidavit serves as a form of protection for subcontractors, ensuring that they are compensated fairly and on time. By providing this document, the contractor is affirming that they have fulfilled their payment obligations towards their subcontractors. There are two main types of Ohio Contractor's Affidavit of Payment to Subs: 1. Contractor's Affidavit of Payment to Subcontractors: This type of affidavit is used when a contractor has engaged multiple subcontractors for a specific project. It lists all the subcontractors involved and details the amount of payment made to each subcontractor. The contractor must provide this affidavit to the property owner or general contractor to demonstrate that all subcontractors have been paid. 2. Contractor's Affidavit of Payment to Single Subcontractor: This affidavit is used when a contractor hires a single subcontractor for a project. It confirms that the contractor has paid the subcontractor in full for the work completed. This affidavit may be requested by the property owner, general contractor, or even the subcontractor themselves to ensure proper payment has been made. These affidavits are typically prepared by the contractor's legal counsel or accounting department and must be notarized to make them legally binding. The document includes key information such as the project name, the contractor's name and contact information, the subcontractor's name and contact information, a breakdown of payment made to each subcontractor (including any retain age withheld), and the date of the affidavit. The affidavit also includes a statement affirming that all information provided is accurate and complete. In summary, the Ohio Contractor's Affidavit of Payment to Subs is a crucial document for contractors operating in Ohio's construction industry. It ensures transparency and accountability by providing evidence of payment to subcontractors. By adhering to the affidavit requirements, contractors can maintain a reputable business image and avoid disputes related to payment compliance.