Music, good morning everybody. My name is Alex Barnett. I am a board-certified construction lawyer. Unfortunately, Ariela won't be able to join us today, so I'm going to take the helm and cover what a contractor's final affidavit is and when it needs to be sent. Let's get started. Today's agenda for this webinar is straightforward. We will discuss what a contractor's final affidavit is, what it must contain, and I will show you an example. We will also address when you need to send one and why it's important for subcontractors and material suppliers. At the end, I will answer any questions you may have. Please use the GoToMeeting chat to submit your questions. Let's start with the definition of a contractor's final affidavit. A contractor's final affidavit is a document that informs the property owner that the contractor is requesting final payment. It also lists any unpaid parties with lien rights. If there are no unpaid parties with lien rights, you can indicate 'n/a' or 'not applicable' or 'none' in the form. It's crucial to note that this specific form, titled "Contractor's Final Affidavit," is required to be sent only by those who have a direct contract with the owner, known as privity. If you are a subcontractor, you do not need to send a contractor's final affidavit if you have a contract with the general contractor and need to get paid. However, there can be confusion if you are a plumber, for example, and have a direct contract with the owner. In such cases, you are considered a contractor under the lien law, and you would need to send a contractor's final affidavit because you have a direct contract with the owner. Therefore, it's less about the scope of work you provide and more about your contractual relationship with the...
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Subcontractor affidavit and Waiver Of Lien Form: What You Should Know
E. A waiver will not become effective until three business days from the date on which the written request to enter into the waiver is received by the United States Postal Service F. The Government may not exercise any rights under this Agreement or any subcontract or subcontracts as a result of a waiver and/or release unless the Government first makes a reasonable effort to verify the identity of the person signing the waiver and/or release before the waiver and release is executed. N. For purposes of this section, “Subcontractor” means the person, entity, corporation, partnership or other legal entity that subleases the project. G. This Agreement and any subcontract, subcontracts, subcontracts in effect on the date of this agreement constitutes, and will be treated as, an agreement and understanding the Government wishes to be entered into with the Subcontractor. This agreement is not intended or made applicable upon the request of any person other than the United States Government. The Government is not providing the Subcontractor with any advice or recommendation with respect to the specific terms of this agreement.
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