Summary: G706™–1994, Contractor’s Affidavit of Payment of Debts and Claims

 G706™–1994, Contractor’s Affidavit of Payment of Debts and Claims

Content.

Synopsis

Purpose

Related documents

Changes to the previous edition

 

Synopsis.

The contractor submits this affidavit with the final request for payment, stating that all payrolls, bills for materials and equipment, and other indebtedness connected with the work for which the owner might be responsible has been paid or otherwise satisfied. AIA Document G706–1994 requires the contractor to list any indebtedness or known claims in connection with the construction contract that have not been paid or otherwise satisfied. The contractor may also be required to furnish a lien bond or indemnity bond to protect the owner with respect to each exception. For use and execution of a document, see its instructions  »

 

Purpose. 

AIA Document G706 is intended for use when the Contractor is required to provide a sworn statement verifying that debts and claims have been settled, except for those listed by the Contractor under “EXCEPTIONS” in the document. AIA Document G706 is typically executed as a condition of final payment.    

 

This document may be used with most of the AIA’s Owner-Contractor agreements and general conditions, such as AIA Document A201® and its related family of documents. G706 also requires the attachment of several supporting documents, including AIA Documents G706A™, Contractor’s Affidavit of Release of Liens, and G707™, Consent of Surety to Reduction in or Release of Retainage.

 

Changes to the previous edition.

A cross-reference to AIA Document A201 has been deleted to permit the use of G706 with other families of AIA documents, including Construction Management, Interiors, and Design-Build.

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