Cost Affidavit
Cost Affidavit
State of [STATE]
County of [COUNTY]
Introduction:
I, [YOUR NAME], of legal age, residing at [YOUR ADDRESS], City of [City], County of [County], State of [State], being duly sworn, do hereby affirm and state as follows:
Statement of Facts:
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In the affidavit concerning the construction project titled [Project Name], located at [Project Address], in the city of [City], County of [County], State of [State], it is hereby declared by the undersigned that the original contract for the project was entered into with an agreed amount of $[Original Contract Amount] on [Date].
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The contracting parties were [Contractor's Name], serving as the contractor, and [YOUR NAME], acting as the project owner.
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The need to document additional expenses incurred beyond the originally contracted amount has arisen due to the reason for the additional expenses is due to unforeseen site conditions that required extensive remediation and adjustments to the project plan. These unforeseen circumstances resulted in increased labor and material costs, impacting the overall project budget.
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This affidavit serves to provide a formal and sworn statement regarding these additional costs, ensuring that they are accurately represented and substantiated for the purpose of adjusting the project's financial accounting, seeking necessary approvals for increased expenditure, or addressing any contractual obligations that may be impacted by the change in project scope and associated costs.
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Site Remediation:
Description: Extensive soil contamination cleanup required due to unforeseen hazardous materials.
Date: [Date of cleanup]
Amount: $[Amount]
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Material Adjustments:
Description: Change in project scope necessitated the purchase of additional construction materials.
Date: [Date of material purchase]
Amount: $[Amount]
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Labor Overtime:
Description: Unforeseen delays led to the need for overtime pay for construction workers.
Date: [Dates of overtime hours]
Amount: $[Amount]
Affirmation of Accuracy:
I hereby affirm that the information provided in this affidavit, including all attached exhibits, is true and accurate to the best of my knowledge and belief. I understand that this affidavit is made to document additional expenses incurred beyond the initial project estimate and may be used for the purpose of adjusting the project's contract amount, seeking additional funding, or for legal proceedings related to the project.
Execution:
Executed on this [DAY] of [MONTH], [YEAR].
Signature:
[YOUR NAME]
