Sworn Construction Statement Form PDF Details

When diving into the world of construction and real estate development, the Sworn Construction Statement form emerges as a pivotal document, designed to ensure transparency and integrity throughout the construction process. This thorough form provides a comprehensive overview, listing the property owner, the construction site address, and an attached roster detailing every subcontractor and supplier involved in the project. Not merely a formality, the statement plays a crucial role in financial and legal aspects of construction, listing items including but not limited to land acquisition, surveying, permits, architectural services, materials, and labor costs, thus painting a full picture of the project's scope and the financial responsibilities therein. By mandating the accurate reporting of all costs, amounts paid, and balances due for each segment of the project, it becomes an essential tool for managing the financial flow and ensuring the alignment of payments with the actual progress of the construction work. The form stipulates a stringent requirement for changes or updates to be communicated directly to the lender or title company, underlining the importance of up-to-date tracking and accountability. With sections dedicated to acknowledging the correctness of material costs, confirming that all labor and materials required to complete the building as per plans and specifications are accounted for, and addressing the protocols for dealing with any potential increase in construction costs, it facilitates a smooth and transparent interaction between the property owner, the contractor, and the financial institutions involved. Additionally, it intricately details the cooperation framework among parties for the disbursement of loan proceeds and the settlement of unpaid bills, underscoring the collaborative effort required to preempt financial disputes and establish a clear pathway for project completion. Hence, the Sworn Construction Statement form serves not only as a record-keeping instrument but as a foundational agreement that binds all parties to a common understanding, aiming to preempt disputes and promote a harmonious construction process.

QuestionAnswer
Form NameSworn Construction Statement Form
Form Length3 pages
Fillable?No
Fillable fields0
Avg. time to fill out45 sec
Other namessworn construction statement minnesota, what is construction method statement, construction statement, sworn construction statement

Form Preview Example

SWORN CONSTRUCTION STATEMENT

Owner’s Name ________________________________________________________________

Property Address _______________________________________________________________

Attached to this Statement is a list of all subcontractors and suppliers. Any change to the list or this Statement must be given to the Lender or Title Company.

ITEMS

1.Land

2.Survey

3.Permits

4.Architect

5.Excavation

6.Grading/Tilling

7.Foundation

8.Concrete Work

9.Waterproofing

10.Grain Tile

11.Lumber

12.Siding

13.Roofing

14.Sheet Metal/ Gutters

15.Sheetrock/ Plastering

16.Brickwork/

Chimney/Fireplace

17.Ornamental

Iron

18.Insulation

19.Millwork-Trim/ Windows

20.Cabinets- Counter/Vanity Tops

21.Hardware

22.Septic System

SUBCONTRACTOR/SUPPLIER

TOTAL COST

AMOUNT PAID

BALANCE DUE

©2004 Rinke Noonan

23.Water/Gas/ Sewer Hookup

24.Well

25.Plumbing

26.Heating

27.Air Conditioning

28.Electrical Wiring

29.Electrical Fixtures

30.Glass/Mirrors

31.Painting/ Interior Decorating

32.Painting - Exterior

33.Tile Work - Ceramic/Plastic

34.Linoleum/Floor Tile

35.Carpeting

36.Garage Doors

37.Appliances

38.Blacktopping

39.Bedding/Sod

40.Landscaping

41.Carpenter Labor

42.Contractor’s

Fee

43.Furnishings

44.

45.

46.

47.

48.

49.

50.

TOTALS

©2004 Rinke Noonan

The undersigned contractor and owner of the Property state that the attached list contains the names of all subcontractors and suppliers for specific portions of the work on this Property. All material costs shown are correct. The items mentioned include all labor and material required to complete the building according to plans and specifications and there are no other contracts outstanding. There is nothing due or to become due for materials, labor or other work other than as above stated.

To increase the cost of construction, owner or contractor must furnish to the Lender and the Title Company with additional owner deposits (if requested) to cover the increase. In the event of an increase, no orders or claims will be made until the information and additional deposits shall have been made. The purpose of this Statement is to induce the Title Company to pay out of the proceeds of a loan of $____________________, secured by a mortgage on the Property; and that upon payment of the specific

unpaid items listed herein, the undersigned contractor hereby agrees to waive all claims of priority to said mortgage. The undersigned hereby authorizes Lender and Title Company to disburse the proceeds of the above real estate mortgage, together with such additional funds as undersigned furnishes and makes available, to the Contractor and/or subcontractors from time to time as work progresses, on the basis of the Construction Statement and lien waivers presented.

The undersigned specifically agrees to pay any unpaid bills for construction or site improvements, to remove mechanic’s liens should any be filed against said Property, and to pay all bills, costs, expenses and legal fees; and indemnify said company against any loss should it become necessary for the company to bring action to remove the lien or to pay the bills.

The parties agree to appoint the Title Company as Escrow Agent; and the Lender is authorized to advance to the Escrow Agent from time to time during the progress of construction adequate funds to pay for costs of construction as warranted by lender’s periodic inspection of progress of construction.

A facsimile signature on this Statement is valid as an original.

Subscribed and sworn to before this ______

______________________________________

 

Contractor

___________________________________

 

(Date)

______________________________________

 

Signature

___________________________________

 

Notary Public

______________________________________

 

Contractor (Title)

 

______________________________________

 

Owner

 

______________________________________

 

Owner

©2004 Rinke Noonan

How to Edit Sworn Construction Statement Form Online for Free

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Step 1: Press the "Get Form" button above. It's going to open our pdf tool so you could begin filling out your form.

Step 2: The tool helps you customize PDF documents in various ways. Transform it by adding personalized text, correct what's already in the PDF, and include a signature - all doable within minutes!

Filling out this PDF requires care for details. Make certain every single blank is done correctly.

1. First, once filling out the construction statement statements, start in the section that contains the next fields:

Tips on how to prepare construction sworn statement form step 1

2. Just after the prior part is filled out, go on to type in the relevant information in all these: Lumber, Siding, Roofing, Sheet Metal Gutters, Sheetrock Plastering, Brickwork ChimneyFireplace, Ornamental Iron, Insulation, MillworkTrim Windows, Cabinets CounterVanity Tops, and Hardware.

How to complete construction sworn statement form portion 2

3. The following portion will be focused on Hardware, Septic System, and Rinke Noonan - fill in all of these empty form fields.

Rinke Noonan, Septic System, and Hardware of construction sworn statement form

4. This specific subsection comes next with these fields to complete: WaterGas Sewer Hookup, Well, Plumbing, Heating, Air Conditioning, Electrical Wiring, Electrical Fixtures, GlassMirrors, Painting Interior Decorating, Painting Exterior, and Tile Work CeramicPlastic.

GlassMirrors, Electrical Wiring, and Well of construction sworn statement form

It's easy to get it wrong while completing the GlassMirrors, hence ensure that you go through it again prior to when you finalize the form.

5. Now, this last section is precisely what you will need to wrap up prior to using the form. The blanks at this stage include the next: Tile Work CeramicPlastic, LinoleumFloor Tile, Carpeting, Garage Doors, Appliances, Blacktopping, BeddingSod, Landscaping, Carpenter Labor, Contractors Fee, and Furnishings.

Stage # 5 of filling out construction sworn statement form

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