Construction Consent of Surety to Final Payment template and PDF...
Prepare construction payment/compliance documentation online, then generate a formal PDF record. Use this at project closeout on bonded projects when the owner needs written...
When to use this template
Prepare construction payment/compliance documentation online, then generate a formal PDF record. Use this at project closeout on bonded projects when the owner needs written consent from the surety company confirming that final payment to the contractor will not impair the surety's obligations under the performance and payment bonds.
What to include
- Project name, owner name, contractor name, and the surety company name, along with the bond number and the penal sum of the performance and payment bonds.
- Statement from the surety consenting to final payment of the retainage and remaining contract balance to the contractor, confirming it does not relieve the surety of any obligations under the bonds.
- Final contract sum after all change orders, total amount previously paid, retainage amount being released, and the final payment amount the surety is consenting to.
- Any conditions or reservations the surety places on its consent, such as requiring receipt of the contractor's affidavit of payment or final lien waivers from all subcontractors before consent becomes effective.
- Authorized signature of the surety company's attorney-in-fact, with a current power of attorney attached, the corporate seal, and the date of execution.
Common questions
- Can I complete this Construction Consent of Surety to Final Payment online for each billing cycle?
- Yes. Enter references, amounts, declarations, and supporting details in-browser.
- Can I save this Construction Consent of Surety to Final Payment for repeat draw or closeout cycles?
- Yes. With an account, save and reuse it to keep payment documentation consistent across projects.
- Can I generate a compliance-ready PDF from this Construction Consent of Surety to Final Payment?
- Yes. Export a professional PDF for owners, lenders, sureties, and project records.
- Why does the owner need the surety's consent for final payment?
- The owner wants assurance that releasing the final payment does not void the bonds. Without the surety's consent, the surety might argue that the payment was premature and try to avoid honoring a future bond claim.
- Is this form required on every bonded project?
- Most AIA-based contracts on bonded projects require it, referencing the AIA G707 form. Check your contract's final payment conditions. If bonds were required, this consent is almost always a closing document.
- How long does it take the surety to issue consent?
- Typically one to three weeks. The surety will want to review the contractor's final financials, the affidavit of payment, and the status of any open claims before signing. Start the request early to avoid holding up project closeout.
- What documentation should I prepare before requesting consent from the surety?
- Gather your final pay application, all subcontractor lien waivers, the owner's punch list sign-off, and proof of insurance through the warranty period. The surety will not sign until they are confident all obligations are settled.