When To Use
G729™ is used by the owner to respond to a contractor's G728 request for proof of financing. This document is suitable for any size project or payment model.
What It Does
G729 provides the owner's standardized response to a contractor's request for evidence of financial arrangements to meet its obligations under the contract. The owner may disclose arrangements such as construction loans, equity financing, government funding, self-funding, or other sources. It gives owners a formal way to confirm the project's financing status, maintaining transparency with the contractor and supporting the trust that sustained construction requires between parties.
