This Conditional Waiver and Release Upon Progress Payment form is for use by a corporation upon receipt of a payment to release and waive any notice of lien, any private bond right, any claim for payment and any rights under any similar ordinance, rule or statute related to payment rights that the corporation has on certain property. This release covers a progress payment for the work, materials or equipment furnished by the lien claimant to the property or to the lien claimant's customer which are the subject of the invoice or payment application, but only to the extent of the payment amount or such portion of the payment amount as the lien claimant is actually paid, and does not cover any retention withheld, any items, modifications or changes pending approval, disputed items and claims, or items furnished that are not paid. The lien claimant warrants that the lien claimant either has already paid or will use the money the lien claimant receives from this progress payment promptly to pay in full all the laborers, subcontractors, materialmen and suppliers for all work, materials or equipment that are the subject of this waiver and release.
Conditional Progress Payment
Description Conditional Progress Draft
How to fill out Waiver Release Progress?
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