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What is a sworn statement for a contractor or subcontractor?

Sworn statements list all contractors and suppliers that are providing labor or materials for a project. Owners and GCs use them for transparency into whos working on the project and how much theyre owed so they can better track payments and watch out for potential payment issues.

What is the agreement between contractor and subcontractor?

Owner Sworn Statement means a sworn statement from the owner itemizing the costs for all owner supplied equipment and an estimate of the cost of all services to be provided to be provided by owner.

What is an example of a sworn statement?

Subcontractor agrees to be bound to Contractor by the terms of the Prime Contract and the other Subcontract Documents and to assume toward Contractor all the obligations and responsibilities that Contractor by those documents assumes toward the Owner.

What is a sworn statement?

A sworn statementoften referred to in the Philippines as an Affidavitis a crucial legal document made under oath, usually before a notary public or another official empowered to administer oaths. In legal practice, it plays a pivotal role in both civil and criminal proceedings.

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