The AIA® document G706 Contractor's Affidavit of Payment of Debts and Claims requires the contractor to show:
- Scheduled Quantity
- Scheduled Unit Price
- Scheduled Value
- Quantity Previous Period
- Amount Previous Period
- Quantity This Period
- Amount This Period
Along with the following:
- Materials Presently Stored
- Total Completed and Stored to Date
- Balance to Finish
This affidavit is submitted with the final request for payment. It states that all bills (materials and equipment), payroll, and other indebtedness connected with the work, if any, for which the owner might be responsible has been paid or otherwise satisfied.
If the contractor has any unpaid/unsatisfied indebtedness or known claims on the project the AIA Document G706™–1994 requires that the contractor include that information.
The contractor may also be required to furnish a lien bond or indemnity bond to protect the owner with respect to each exception.
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Forms - G706 Contractor's Affidavit of Payments of Debts and Claims
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