AIA Document G707–1994 is intended for use as a companion to AIA Document G706™–1994, Contractor’s Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond. By obtaining the surety’s approval of final payment to the contractor and its agreement that final payment will not relieve the surety of any of its obligations, the owner may preserve its rights under the bond. For all document details and a record of changes, see the summary »
General. The bond form is the usual source of required information such as the contract date and the names and addresses of the Surety, Owner, Contractor, and Project.
Architect’s Project No. This information is typically supplied by the Architect and entered on the form by the Contractor.
Contract For. This refers to the scope of the contract, such as “General Construction” or “Mechanical Work.”
Executing the Document.
AIA Document G707 requires both the Surety’s seal and the signature of the Surety’s authorized representative.
Modifications. Particularly with respect to professional or contractor licensing laws, building codes, taxes, monetary and interest charges, arbitration, indemnification, format and font size, AIA Contract Documents may require modification to comply with state or local laws. Users are encouraged to consult an attorney before completing or modifying a document.
Reproductions. This document is a copyrighted work and may not be reproduced or excerpted from without the express written permission of the AIA. There is no implied permission to reproduce this document, nor does membership in The American Institute of Architects confer any further rights to reproduce this document. For more information, see the document footer and the AIA Contract Documents® Terms of Service.