AIA G707 Consent of Surety to Final Payment
Please Note: This listing is for a physical, hard-copy shipped directly to you—not a digital download.
Please Note: This listing is for a physical, hard-copy shipped directly to you—not a digital download.
G707™ - 1994 Consent of Surety to Final Payment – Preserve Your Bond Rights Through Final Close-Out
Protect your project's bond integrity through the final payment phase with the AIA G707™ - 1994 Consent of Surety to Final Payment. This essential physical contract document is intended for use as a companion to G706, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond. By obtaining the surety's formal approval of final payment to the contractor and its agreement that final payment will not relieve the surety of any of its obligations, G707 preserves the owner's rights under the bond and prevents disputes over the finality of the contractor's payment obligations.
When to Use:
Use G707 when a contractor has furnished a bond and the owner requires the surety's consent before releasing final payment. It is an essential companion to G706 and a critical component of the project close-out process for any bonded project.
What It Does:
G707 is intended for use with G706, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond. The form obtains the surety's consent to release the final payment for projects. It provides:
-
Formal consent from the surety to the owner's release of final payment to the contractor
-
The surety's agreement that final payment will not relieve the surety of any of its obligations under the bond
-
Preservation of the owner's rights under the bond through the final close-out phase
-
Protection against disputes regarding the finality of the contractor's payment obligations
Key Features & Legal Protections:
-
Surety Consent: Obtains formal approval from the surety before final payment is released.
-
Bond Preservation: Ensures the surety remains obligated under the bond despite final payment to the contractor.
-
Dispute Prevention: Prevents disputes over whether final payment relieves the surety of its obligations.
-
Complete Close-Out: Supports G706 with additional surety documentation for comprehensive project completion.
Please Note: This listing is for a physical, hard-copy shipped directly to you—not a digital download.
| Price | $299.99 |
|---|---|
| Customer Service | We're Here To Help! Call us anytime during our customer service hours... Monday through Friday - 8:30 am to 4:30 pm (Pacific) Saturday - 9am to 1pm (Pacific) Order Questions: TOLL FREE, 800-273-7375 (Outside the U.S. call 818-887-7828). Our Address: 8001 Canoga Avenue Canoga Park, CA 91304 US Phone: 800-275-2665 E-mail: sales@buildersbook.com
|
| Description | Please Note: This listing is for a physical, hard-copy shipped directly to you—not a digital download. G707™ - 1994 Consent of Surety to Final Payment – Preserve Your Bond Rights Through Final Close-Out Protect your project's bond integrity through the final payment phase with the AIA G707™ - 1994 Consent of Surety to Final Payment. This essential physical contract document is intended for use as a companion to G706, Contractor's Affidavit of Payment of Debts and Claims, on construction projects where the contractor is required to furnish a bond. By obtaining the surety's formal approval of final payment to the contractor and its agreement that final payment will not relieve the surety of any of its obligations, G707 preserves the owner's rights under the bond and prevents disputes over the finality of the contractor's payment obligations. When to Use: What It Does:
Key Features & Legal Protections:
Please Note: This listing is for a physical, hard-copy shipped directly to you—not a digital download. |
