What must the Contractor's affidavit indicate to facilitate Final Payment?

Prepare for the Architect Registration Examination (ARE) 5.0 Construction and Evaluation Test. Study with flashcards and multiple choice questions, complete with hints and explanations. Ace your exam!

The correct choice highlights that the Contractor’s affidavit must indicate the payout of payrolls and bills to facilitate final payment. This requirement is crucial because it ensures that all workers and subcontractors have been compensated for their services and materials supplied during the project. By affirming that payrolls and bills have been paid, the contractor protects the owner from any future claims or liens that could arise from unpaid workers or suppliers, ensuring that the financial obligations have been satisfied before the project is considered complete.

Additionally, having a complete record of paid payrolls and bills helps confirm that the project is moving towards closure without lingering financial disputes, thus providing a level of assurance to the owner and reinforcing the integrity of the project completion process. Final payment is often contingent upon verifying that all financial responsibilities have been met, making this statement in the affidavit imperative for compliance with contractual obligations.

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