Use This Form If:

• Individuals who are subcontractors in the construction industry may require this form to ensure they receive payment for work completed before signing away their rights to file a lien. This helps protect their financial interests while allowing the main contractor to maintain cash flow.
• Situations requiring a contractor to provide assurance to a property owner that they will not file a lien for unpaid work can benefit from this waiver. By using this form, the contractor can receive a progress payment while ensuring the owner feels secure about their investment.
• For those managing construction projects, utilizing this waiver is essential when negotiating payments with subcontractors. It allows for a structured payment process while safeguarding against potential disputes over unpaid work.
• In cases where a contractor has completed a significant portion of a project but requires additional funds to continue, this form can facilitate that progress payment. It ensures that the contractor releases any claims against the property in exchange for the payment, thus maintaining project momentum.
• Property owners looking to streamline their payment process may use this waiver to ensure that subcontractors do not file liens against their property. By providing this form, they can maintain control over the financial aspects of their project.