Document background
The Contractor's Final Payment Affidavit Form is a critical document required under German construction law for project closure and final payment release. It is typically used when a construction project reaches completion and the contractor seeks to receive their final payment. The document serves multiple purposes: it confirms the completion of all contracted works, declares all payments received to date, confirms that all subcontractors and suppliers have been or will be paid, and waives any future liens or claims against the property. Under German law, particularly the BGB (German Civil Code) and VOB/B (German Construction Contract Procedures), this affidavit provides legal protection for both the client and contractor, ensuring transparent and compliant project closure. The document is especially important for risk management and maintaining clear documentation of project financial closure.
