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Owner's and Contractor Affidavit of Completion and Payment to...

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

Name: Bronx New York Owner's and Contractor Affidavit of Completion and Payment to Subcontractors
Brand: US Legal Forms
Rating: 4.59 (444 reviews)

Category:

Construction - Contractors - Affidavits

State:

Multi-State

County:

Bronx

Control #:

US-00585

Format:

Instant download

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.

How to fill out Bronx New York Owner's And Contractor Affidavit Of Completion And Payment To Subcontractors?

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FAQ

Contract Completion means the point in time when FW Project Manager confirms in writing that the contract has been completed as contracted for and the Contractor is released from any further obligations. All remaining payments due the Contractor shall be approved for payment at this time.

A certificate of substantial completion includes a list of items remaining to be corrected or completed, as well as the timeline allotted for those items. A certificate of occupancy is issued by a local building inspector, and establishes that the building is safe to occupy and utilize.

Completion Certificate means the Certificate issued by the Employer as evidence that the Contractor has executed the Works in all respects as per drawing, specifications, and Conditions of Contract.

Contract Certificate means the certificate produced by the Company which, together with the Contract Documents listed in Clause 1.2, form the basis of the Contract. If there is more than one Contract Certificate, then each one will constitute a separate Contract on the terms specified by the Company.

Substantial Completion Definition Substantial completion means the project, or a portion of the project, is fit for its intended use. The owner can then occupy and use the property. The owner must also pay the contractor the last portion of the monies owed for that project or portion of the project.

A letter of completion of work is issued and signed by project parties when the contractor is deemed to have completed all of the construction works contained in the contract.

Proof of Completion is a legal or contractual requirement to show that the work or task assigned was finished and done according to project specifications. 3 mins read. or the standards outlined in the applicable inspection regulations.

As used in project finance, occurs when: The project has achieved all the technical and performance requirements set out in the construction contract. All punch list items have been completed (unless the parties otherwise agree).

Substantial completion is the stage when a construction project is deemed sufficiently completed to the point where the owner can use it for its intended purpose.

Certificate of Completion means certificate issued by the Company to the Contractor stating that he has successfully completed the jobs/works assigned to him and submitted all necessary reports as required by the Company.

More info

If you are a prime contractor, you must collect a certified Contractor Affidavit from each of your subcontractors when completing the project. Widely recognized as industry standard legal forms and agreements that define the relationships and terms involved in design and construction projects.Section VI: RFP Part 2 Proposal Package – To Be Filled Out By Proposers .

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

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FAQ

What is contract completion?

What is substantial completion certificate?

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