Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due - Mechanic Liens - Corporation or LLC

• Category: Illinois Liens - Construction - Mechanics
• State: Illinois
• City: Naperville
• Control #: IL-01A-09
• Format: Word; Rich Text

Description

Pursuant to t770 ILCS 60/5, this form is for a corporate or LLC contractor to give an owner notice of all parties who are to furnish labor or materials and the amounts due. Merchants and dealers in materials are not required to give this statement. Naperville, Illinois is well known for its thriving construction industry. One essential document that plays a crucial role in ensuring fair payment and protecting the rights of contractors and suppliers is the Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC. This statement validates the work done by contractors or suppliers and certifies the amount owed to them by the property owner or the general contractor. By filing this verified statement, contractors and suppliers aim to secure their legal rights in case of payment disputes or non-payment. There are different types of Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC, depending on the specific circumstances involved: 1. General Contractor Verified Statement: This document is prepared and submitted by the general contractor in Naperville, Illinois. It outlines the labor and materials provided by the general contractor for a particular project and states the amount due to them upon completion. 2. Subcontractor Verified Statement: Subcontractors involved in a construction project in Naperville, Illinois may also file a verified statement. This document highlights the work performed by the subcontractor and the corresponding amount due from either the general contractor or the property owner. 3. Supplier Verified Statement: Suppliers who provide materials or equipment to a construction project can also submit their own verified statement. This document lists the materials delivered and states the amount owed to the supplier for their products. By filing a Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC, contractors, subcontractors, and suppliers aim to establish their right to claim a mechanic's lien. A mechanic's lien is a legal claim on the property where construction work was performed until payment is made in full. In conclusion, the Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC is an important legal document that protects the rights of contractors, subcontractors, and suppliers. By filing this statement, they ensure fair payment for their labor and materials, and establish their right to enforce a mechanic's lien if necessary.

Naperville, Illinois is well known for its thriving construction industry. One essential document that plays a crucial role in ensuring fair payment and protecting the rights of contractors and suppliers is the Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC. This statement validates the work done by contractors or suppliers and certifies the amount owed to them by the property owner or the general contractor. By filing this verified statement, contractors and suppliers aim to secure their legal rights in case of payment disputes or non-payment. There are different types of Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC, depending on the specific circumstances involved: 1. General Contractor Verified Statement: This document is prepared and submitted by the general contractor in Naperville, Illinois. It outlines the labor and materials provided by the general contractor for a particular project and states the amount due to them upon completion. 2. Subcontractor Verified Statement: Subcontractors involved in a construction project in Naperville, Illinois may also file a verified statement. This document highlights the work performed by the subcontractor and the corresponding amount due from either the general contractor or the property owner. 3. Supplier Verified Statement: Suppliers who provide materials or equipment to a construction project can also submit their own verified statement. This document lists the materials delivered and states the amount owed to the supplier for their products. By filing a Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC, contractors, subcontractors, and suppliers aim to establish their right to claim a mechanic's lien. A mechanic's lien is a legal claim on the property where construction work was performed until payment is made in full. In conclusion, the Naperville Illinois Contractor's Verified Statement of Labor and Materials and amount due — Mechanic Lien— - Corporation or LLC is an important legal document that protects the rights of contractors, subcontractors, and suppliers. By filing this statement, they ensure fair payment for their labor and materials, and establish their right to enforce a mechanic's lien if necessary.

Law summary