The Michigan Sworn Statement form is a crucial document in the construction industry, serving as a comprehensive declaration by contractors, subcontractors, or suppliers regarding the financial details of public works projects. This form details the engagement between these parties and others, such as laborers for whom wages, fringe benefits, and withholdings might be due but unpaid. It lists each subcontractor, supplier, and laborer involved, specifying the type and total amount of improvement furnished, the contract price, amounts already paid, and the balance owing, including details of retention and fringe benefits. The statement ensures transparency, aiming to assure that public works are free from potential claims of construction or bond liens, except as specifically noted. Additionally, it includes warnings about the legal consequences of submitting false information, reflecting its importance in maintaining financial integrity and trust in the construction sector. It must be signed in the presence of a notary public, underscoring its legality and the seriousness with which it is treated under Michigan law. Furthermore, a full conditional waiver may accompany this statement, indicating satisfaction of payment under certain conditions, further securing the rights of all parties involved and signaling the resolution of financial obligations related to the project.
| Question | Answer |
|---|---|
| Form Name | Michigan Sworn Statement Form |
| Form Length | 12 pages |
| Fillable? | No |
| Fillable fields | 0 |
| Avg. time to fill out | 3 min |
| Other names | mi statement form, sworn statement in michigan, michigan statement sworn, sworn statement construction |