The Contractor's Final Affidavit is an acknowledgment from the building contractor stating:
- Work has been completed according to plans and specs
- Everyone that worked on the project has been paid in full
- Anyone that provided materials for the project has been paid in full
- No security interest has been given to anyone except Capital City Bank
The Contractor's Final Affidavit is completed:
- When construction has occurred on the collateral real estate
- Prior to final draw disbursement
- Prior to terminating a Notice of Commencement
The completed Contractor's Final Affidavit should be summited to _Construction Administration.