What is a Contractor's Affidavit and how does it work with Rackcdn com?

A Contractor's Affidavit is a legal document that verifies the completion of work and payment to subcontractors. With Rackcdn com, you can easily create, send, and eSign your Contractor's Affidavit, ensuring that all parties are in agreement and legally protected.

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Contractor’s Affidavit – Corporation Page 1 of 2 CONTRACTOR'S AFFIDAVIT- CORPORATION STATE OF ILLINOIS COUNTY OF __________________The undersigned, upon being duly sworn, states that the undersigned is __________________________ of _______________________________ who is the contractor for the _______________________________ work on the building located at ________________________________________________________ owned by __________________________________. That the total amount of the contract including extras is $___________________ on which the undersigned has received payment of $____________________ prior to this payment. That the following are the names of all parties who have furnished material or labor, or both, for said work, and the amount due or to become due to each. NameAddressLabor/Material SuppliedContract AmountAmountPaidAmount Payment DueBalance__________________________ _____________ _____________ ____________________________________________________________________________ _____________ _______________________________________________________________________________________ _____________ _________________________________________________________________________________________ _____________ _________________________________________________________________________________________ _____________ _________________________________________________________________________________________ _____________ _________________________________________________________________________________________ _____________ _______________________________________________________________Signed this ____ day of ___________________, 20_____ . __________________________________ Contractor __________________________________ Type or Print Name Contractor’s Affidavit – Corporation Page 2 of 2__________________________________Name of Corporation_______________________________________ Title State of _________________County of_________________Signed and sworn (or affirmed) to before me on ________________ (date) by ______________(name/s of person/s making statement). _________________________________ Signature of Notary Public (SEAL) (770 ILCS 60/5)It shall be the duty of the contractor to give the owner, and the duty of the owner to require of the contractor, before the owner or his agent, architect, or superintendent shall pay or cause to be paid to the contractor or to his order any moneys or other consideration due or to become due to the contractor, or make or cause to be made to the contractor any advancement of any moneys or any other consideration, a statement in writing, under oath or verified by affidavit, of the names and addresses of all parties furnishing materials and labor and of the amounts due or to become due to each. Merchants and dealers in materials only shall not be required to make statements.

Practical advice on preparing your ‘Contractors Affidavit Rackcdncom’ online

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