The Contractor's Final Payment Affidavit Form is a mandatory document in Indian construction projects that must be submitted before the release of final payment to the contractor. This affidavit serves multiple crucial purposes: it confirms project completion, verifies that all subcontractors and suppliers have been or will be paid, ensures compliance with labor laws and tax regulations, and protects the project owner from potential future claims. The document is particularly important in India's legal framework, where it helps navigate the complex requirements of construction law, labor regulations, and tax compliance. The affidavit must be notarized and often references specific sections of Indian contract law and construction regulations. It is typically required regardless of project size but becomes increasingly detailed and crucial for larger construction projects.
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1. Affiant Information: Identification of the contractor making the affidavit, including company name, registration details, and authorized representative
2. Project Details: Information about the construction project, including location, contract reference, and project completion date
3. Contract Amount Declaration: Statement of original contract amount and any approved change orders
4. Payment Status: Declaration of payments received to date and final payment amount pending
5. Subcontractor Payment Confirmation: Declaration that all subcontractors and suppliers have been or will be paid from the final payment
6. Lien Release Statement: Confirmation that there are no outstanding liens or potential claims against the property
7. Labor Compliance Declaration: Statement confirming all labor-related payments and statutory compliance
8. Tax Compliance: Declaration regarding payment of all applicable taxes including GST
9. Verification: Formal statement verifying all information is true and correct under penalty of perjury
10. Notarization Block: Space for notary acknowledgment and seal
1. Retention Release: Section specifically addressing the release of retained amounts, used when retention was part of the contract
2. Warranty Statement: Declaration about ongoing warranty obligations, included when specific warranty terms are part of the contract
3. Insurance Confirmation: Statement about maintenance of required insurance coverage, included for larger projects or when specifically required
4. Dispute Declaration: Section for declaring any pending disputes or claims, used when there are unresolved issues
5. Environmental Compliance: Declaration of environmental regulation compliance, included for projects with significant environmental impacts
1. Schedule A - Payment Summary: Detailed breakdown of all payments received and pending, including change orders
2. Schedule B - Subcontractor List: Complete list of subcontractors and suppliers with payment status for each
3. Schedule C - Lien Releases: Copies of lien releases from all subcontractors and suppliers
4. Schedule D - Compliance Certificates: Copies of relevant statutory compliance certificates
5. Appendix 1 - Supporting Documents: Additional documentation such as completion certificates or inspection reports
Relevant legal definitions
Clauses
Relevant Industries
Construction
Real Estate Development
Infrastructure
Industrial Development
Commercial Development
Residential Development
Public Works
Mining
Oil and Gas
Renewable Energy
Transportation
Healthcare Construction
Educational Institution Construction
Relevant Teams
Legal
Finance
Operations
Construction
Project Management
Procurement
Compliance
Accounts Payable
Contract Administration
Risk Management
Relevant Roles
Project Manager
Construction Manager
Contract Administrator
Chief Financial Officer
Financial Controller
Legal Counsel
Procurement Manager
Site Supervisor
Quantity Surveyor
Construction Director
Operations Manager
Compliance Officer
Account Manager
Project Coordinator
Finance Manager
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