How to Fill Out a Contractor`s Final Payment Affidavit

As a contractor, completing a project successfully is always a fulfilling experience. However, to ensure that you get paid for your services, you need to fill out a Contractor`s Final Payment Affidavit. This document is crucial in the construction industry and is typically required by the client or the property owner as proof of completion of work.

Here are steps to follow when completing a Contractor`s Final Payment Affidavit:

1. Obtain the form: The first step in filling out the Contractor`s Final Payment Affidavit is to obtain the form from the appropriate authority. This could be your local county clerk`s office or the state construction agency.

2. Provide Project Information: Fill out the contractor and project information sections of the form, including project name and location, contract price, and owner`s name.

3. Describe the Completed Work: The next section of the form requires a description of the work that you have completed. In this section, be as specific as possible and list all the services or products that you have provided.

4. Provide a List of Subcontractors: If you had subcontractors working on the project, you will need to provide a list of their names and the services they provided to complete the project.

5. Include the Payment Schedule: The payment schedule section of the form requires a breakdown of how much payment has been received to date and how much is still outstanding.

6. Provide a Final Waiver and Release: In the final section of the form, you will need to sign a waiver and release stating that you have received the final payment for the project and will release any and all claims against the owner or the property.

7. Submit the Form: Once you have completed the Contractor`s Final Payment Affidavit, ensure that you have all the required documents, including lien waivers and releases, before submitting it to the appropriate authority.

In conclusion, as a contractor, completing a Contractor`s Final Payment Affidavit is a crucial step towards receiving payment for work completed. Ensure that you fill out the form correctly, provide all the necessary information, and submit the document on time to get paid for your services.