What must a Contractor submit to secure Final Payment?

To secure Final Payment, a Contractor is required to submit a final Application for Payment along with various documents. This is a standard process in construction contracts where the Contractor must demonstrate that all work has been completed in accordance with the contract requirements. This typically includes documentation like lien waivers, certification of completion, and potentially a final inspection report or other relevant paperwork confirming that all aspects of the project have been completed satisfactorily.

The final Application for Payment acts as a formal request for the final payment and ensures that all parties have agreed on the completion status of the project. This requirement is crucial for protecting both the Contractor's right to payment as well as the Owner's interests, ensuring that all legal obligations and contractual terms have been fulfilled before the final funds are released.