When To Use
Use G707™ when a contractor has furnished a bond and the owner requires the surety's consent before releasing final payment.
What It Does
G707 is intended for use with G706, Contractor’s Affidavit of Payment, on construction projects where the contractor is required to furnish a bond. G707 obtains the surety's consent to release the final payment for projects. It protects owners by ensuring the surety acknowledges the final disbursement, preserving bond integrity, and preventing disputes over the finality of the contractor's payment obligations.
