When To Use
Use G706™ when an owner requires the contractor to acknowledge that all debts, claims, and liens related to the construction contract have been paid or will be satisfied from the final payment before releasing the final disbursement.
What It Does
G706 requires the contractor to list any outstanding debts or claims related to the construction contract before final payment, serving as a written acknowledgment that obligations have not yet been satisfied. It provides a formal sworn accounting by the contractor before the final disbursement is released.
