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Contractor's Lien Waivers - #1 Conditional Waiver and Release Upon Progress Payment


Welcome to page one of our series devoted to lien waivers / lien releases and which lien waiver / lien release to use when... [page two]

Construction Lien Waivers - Conditional Release Upon Progress #1

When you submit an invoice for a project, chances are that you'll be required to supply a lien release form, from your supplier(s), and from you. These release forms (aka lien waivers) protect the general contractor, and the owner of the project, from having to pay twice for materials, labor, etc.

When you submit an invoice ( aka payment request ) for a partial payment ( meaning you are not billing for the entire amount of your contract ), you'll use the release form titled, " Conditional Waiver and Release Upon Progress Payment " (aka " #1 lien release ").

On this #1 release , you'll include a release thru date. I know, I know, what the heck is a release thru date ... ? Well, typically, this type of invoicing ( aka progress billing ) runs on a monthly basis so, let's say you've got a job running from January 1 through February 28....

In February, you'll submit an invoice for work completed through the end of January. Along with that invoice, you'll submit a Conditional Release Upon Progress Payment form that will have a " release thru date " of January 31 (the “ release thru date “ corresponds with the invoice you're submitting for work completed through the end of January).

This #1 lien waiver form will also include the dollar amount that you are invoicing for, as well as the customer's name, and the project title and address.

Once you receive the payment from your customer ( which should be for the dollar amount on your invoice and release form ), your customer is going to want another release form from you, this one being the Unconditional Waiver and Release Upon Progress Payment (commonly known as the " #2 lien waiver and release ").

Do NOT provide that #2 lien waiver form to your customer until your customer's check has cleared both your bank account and your customer's bank account!

Before you deposit the payment check in your bank account, first photocopy the check or scan it or write down the info from the front of the check.

You'll need your customer's company name as it appears on the check, the $ amount and check number, and all the numbers running along the bottom of the check. Also write down the name and location of the bank that the check is drawn on. Now you can deposit the check. :)

The industry standard for how long to wait for a check to clear completely is usually 10 days. You can wait those 10 days or you can call the customer's bank (which is why you made note of the info from the front of your customer's check), before the 10 days are up to see if the funds for the check have been sent from his account to your account.

We have inexpensive individual release forms available, click here!

    • Instant Download
    • Unlimited Usage
    • Fill the form in before you print it
    • Please click here :)

We also have a complete package with an outstanding how-to article and all four release forms included

Once you've got confirmation that the check has cleared your account and his account, then you can issue the #2 release . [continued]



 

NOW AVAILABLE!

An all-inclusive release forms package that includes:

Very easy to follow step-by-step instructions on how to fill in the forms;

An outstanding article that tells you exactly how to use which release form when;

A bonus form;

Various other bits of info we've put together, valuable to anyone saddled with the task of preliminary notices.

Shock your customer!

When you present him/her with one of these professional release forms (and the correct one no less) you're showing that you grasp the difficult-to-understand lien release process, which will score you brownie points for the next project!

Being able to fill in these release forms with your computer before you print them means you can drop-kick that typewriter and sheath your pen.

No more white out or smudged ink, you will have a perfect release form every single time you need one!

You'll know exactly what you're doing because the how-to article will show you exactly how to do it without a bunch of ridiculous hard-to-understand legal terms.

Testimonial:

"Before I came to your site, all I knew was that I needed to receive these forms from our contractors - now I know WHY I need them. Thanks so much for all the wonderful info!"
Kathy Kubiak
San Diego, CA

You'll never have to purchase the forms or anything in the package ever again because it all comes with unlimited free replacements!

Never again will you have unanswered lien law questions because we've included contact info for a law firm that specializes in construction and does mechanic's liens in all 50 states and they'll answer your questions for free!

We could go on and on but we've run out of room here so please click through to take a look at the California release forms package or the "Other States" release forms package. :)


"This site is an obvious tool that anyone in construction should be using."
James Farmer
Canoga Park, Calif.

Free Gift - Practical Solutions, Higher Incomes, and Less Hassles! Click here (a separate window will open) to get the free gift I have for you at InformedContractors.com. Thank you!

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By Diane Dennis



Any part or portion or section of this website may be copied or reproduced in any manner as long as I am given full credit and a working link back to this site. When using forms obtained from this site, please do not remove the copyright information at the bottom, unless and until you receive explicit written permission to do so.

Disclaimer: While every attempt has been and will be made to keep the information at this website accurate and up-to-date, we do not represent ourselves as experts. Even though we have used some and/or all of the forms and methods posted here, we do not guarantee that these forms and/or methods are acceptable for your situation(s). For specific legal questions and/or expert assistance we suggest that you contact an attorney.

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