Use This Form If:

• Individuals who are contractors or subcontractors in the construction industry may require this form to ensure they receive progress payments while simultaneously waiving their right to file a lien against the property. By using this waiver, they can maintain a positive relationship with the property owner and secure ongoing work.
• Situations requiring a contractor to provide assurance to a property owner that they will not file a mechanic's lien can benefit from this conditional waiver. This is particularly important when the property owner is making partial payments and wants to avoid any legal complications during the construction process.
• For those involved in construction projects, utilizing this form can help streamline payment processes. It allows contractors to receive payments for completed work while ensuring that they do not jeopardize their rights to future payments or claims.
• Subcontractors working on larger projects may find this waiver essential when dealing with prime contractors. By signing this document, they can receive timely payments without risking their ability to claim unpaid amounts later in the project.
• In cases where a contractor is concerned about cash flow, this waiver can facilitate quicker access to funds. By agreeing to waive their lien rights for progress payments, they can ensure they have the necessary liquidity to continue operations.