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The document is a Subcontractor's Statement regarding compliance with Workers Compensation, Payroll Tax, and remuneration obligations. It requires subcontractors to declare their employment of workers, payment of insurance premiums, and payroll taxes during the contract period. The statement must be signed by an authorized representative and submitted to the principal contractor, who must retain it for up to seven years. It outlines legal responsibilities and potential penalties for providing false information.

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Versions	Form popularity	Fillable & printable
2019	4.8 Satisfied (174 Votes)
2007	4.3 Satisfied (152 Votes)
2003	4.9 Satisfied (54 Votes)

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What do you mean by subcontracting?

What Is Subcontracting? Subcontracting is the practice of assigning, or outsourcing, part of the obligations and tasks under a contract to another party known as a subcontractor. Subcontracting is especially prevalent in areas where complex projects are the norm, such as construction and information technology.

What is a contractor statement?

A contractor statement of work is a narrative description of the product, services, results that are expected of a contractor to deliver at the end of a contract. The statement of work must be developed at the beginning and encompasses the totality of the deliverables.

What does it mean if you are a subcontractor?

Subcontractors help contractors complete a project Subcontractors, on the other hand, are companies or people hired by the contractor to do specific tasks or services in their area of expertise. A general contractor may hire an electrician, plumber, and carpenter for a construction project.

What is a subcontracting example?

Subcontracting firms might bid for work running school canteens, providing manpower to clean hospitals or even to HVAC systems in large buildings. These sectors are often catered for by larger companies providing subcontracting services to other businesses rather than being lone workers operating on their own.

What is an example of a contractor and a subcontractor?

For example, a company may hire a contractor to help them rebrand. The contractor might then hire subcontractorssuch as a graphic designer, a web designer and a copywriterto help with the project.

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How to write a subcontractor agreement?

12 Key Components of a Subcontractor Agreement Identification of Parties. Insurance and Licensing Requirements. Scope of Work. Payment Terms and Conditions. Project Schedule and Duration. Material and Equipment. Change Order Procedures. Quality Standards and Compliance.

What are the three types of subcontracts?

When you are looking at supply chain procurement, there are three types of subcontractor: Domestic Subcontractors. Nominated Subcontractors. Named Subcontractors.

What is the purpose of the subcontractor statement?

In completing the Subcontractors Statement, a subcontractor declares that workers compensation insurance premiums payable up to and including the date(s) on the Statement have been paid, and all premiums owing during the term of the contract will be paid.

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