What Is a Sworn Contractor's Statement? A Construction Closeout Essential

A sworn contractor's statement is a notarized document listing every subcontractor and supplier who did work on a project, the amount owed to each, and the amount paid to date. Title companies require one before issuing title insurance. Lenders require one before funding draws. Here is what a sworn statement actually is, why it's the single most important document at project closeout, and how to prepare one that survives scrutiny.