Conditional Waiver and Release of Lien Upon Final Payment - Construction Forms for Contractors
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You can opt for digital versions of traditional documents that can be accessed on the go from any mobile device to cut down on the paperwork.
Set aside your conditional waiver and release of lien forms. Instead, use the Conditional Waiver and Release of Lien Upon Final Payment mobile app, while work is still in progress, when the contractor requests partial payment for labor services. This mobile app provides you with fully-customizable conditional waiver and release of lien template, so that you can tailor the contents to suit your agreement.
By signing the Conditional Waiver and Release of Lien Upon Final Payment mobile app, the general contractor is conditionally giving up his right to a mechanic's lien, stop notice or payment bond claim before full payment is made. The conditional part is that the lien waiver doesn’t go into effect unless and until the check is paid by the financial institution. This prevents someone from getting a contractor to release his lien rights and then cancelling or bouncing the received payment.
You can also capture the contractor's signature at the end of the mobile app. Since the information you collect in the Conditional Waiver and Release of Lien Upon Final Payment mobile app can be printed as a PDF, the signature capture can be added to the receipt of payment. You can access all progress payment forms in the GoCanvas Cloud at any time.
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