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Chicago Title Sworn Owner's Statement Excel  Form

Chicago Title Sworn Owner's Statement Excel Form

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What is the construction sworn statement template?

The construction sworn statement template is a legal document commonly used in the construction industry. It serves as a formal declaration by contractors and subcontractors, affirming that they have received payment for work performed and that they have paid their suppliers and laborers. This document is crucial for ensuring transparency and compliance with payment obligations, protecting both the contractor and the property owner. It typically includes details such as the project name, payment amounts, and a list of all parties involved in the project.

Key elements of the construction sworn statement template

A well-structured construction sworn statement template includes several essential components:

  • Project Information: This section outlines the project name, location, and description.
  • Contractor and Subcontractor Details: Names, addresses, and contact information of all parties involved.
  • Payment Information: Specific amounts paid and due, along with a breakdown of services rendered.
  • Affirmation Clause: A statement affirming that all payments to suppliers and laborers have been made.
  • Signature Section: Spaces for signatures of the contractor and any relevant parties, often accompanied by dates.

Steps to complete the construction sworn statement template

Completing the construction sworn statement template involves a series of straightforward steps:

  1. Gather all necessary project information, including payment records and contractor details.
  2. Fill in the template with accurate data, ensuring all required sections are completed.
  3. Review the document for accuracy, confirming that all amounts and names are correct.
  4. Sign the document, ensuring that all parties involved also provide their signatures where necessary.
  5. Distribute copies to relevant parties, including the property owner and any subcontractors.

Legal use of the construction sworn statement template

The construction sworn statement template holds legal significance in the United States, as it can be used in disputes regarding payments and project completion. It is essential for compliance with state laws governing construction contracts and can serve as evidence in court if necessary. To ensure its legal validity, the document must be completed accurately and signed by all relevant parties. Additionally, it should adhere to any specific state regulations regarding sworn statements in the construction industry.

Examples of using the construction sworn statement template

There are various scenarios in which a construction sworn statement template may be utilized:

  • Contractor to Owner: A contractor submits the sworn statement to the property owner to confirm that all subcontractors and suppliers have been paid.
  • Subcontractor to Contractor: A subcontractor provides a sworn statement to the contractor, affirming that they have received payment for their work.
  • Legal Disputes: In case of payment disputes, the sworn statement can be presented in court to demonstrate compliance with payment obligations.

Quick guide on how to complete sworn statement construction example

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  1. Find sworn statement of suspect sample and then click Get Form to begin.
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  5. Review all the information and then click on the Done button to save your modifications.
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FAQs sworn statement for contractor and subcontractor to owner

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