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Sworn construction statement

Sworn construction statement 2025

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The document is a Sworn Construction Statement that outlines the details of subcontractors and suppliers involved in a construction project. It includes a comprehensive list of items related to construction, their costs, amounts paid, and balances due. The statement serves to inform the Lender and Title Company about the financial obligations associated with the project, ensuring that all material costs are accurate and that there are no outstanding contracts. It also authorizes disbursement of loan proceeds for construction expenses and includes agreements regarding payment of bills and removal of liens.

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Click ‘Get Form’ to open the sworn construction statement in the editor.
Begin by entering the Owner’s Name and Property Address at the top of the form. Ensure accuracy as this information is crucial for identification.
In the ITEMS section, list all subcontractors and suppliers associated with your project. Use the provided fields to detail each item, including costs for labor and materials.
Fill in the TOTAL COST, AMOUNT PAID, and BALANCE DUE fields accurately to reflect your financial obligations.
Review the statement carefully. Confirm that all entries are correct and complete before signing.
Finally, sign and date the document where indicated, ensuring that both contractor and owner signatures are present.

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What is an example of a sworn statement?

Heres how to do it: Title and Caption. Start with a clear titletypically just Affidavit. Affiant Information. This section introduces the person making the affidavityou. Statement of Truth. Body of the Affidavit. Recipient and Oath. Signature and Notarization. Review and docHub.

What is a construction sworn statement?

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.