Lien waivers may see frequent use in the construction industry through many phases of a project. A lien waiver could be exchanged as each service is completed and payment is received by each party.

Owners loathe and contractors love mechanic's liens. Regardless of point of view, mechanic's liens are an American institution as old as the Bill of Rights. In 1790, President George Washington chose ...

Lien waivers are part of doing business for contractors. If you want to get paid, most owners or general contractors will require that you submit a signed lien waiver with your payment application. On ...

Lien waivers can also waive and release a contractor’s ability to assert other claims. For instance, many waivers are drafted to release all claims for delays up to the date of the waiver or ...

Lien waivers are routinely exchanged on construction projects. Even so, construction contractors should know the basics of lien waivers or risk financial loss. What is a lien waiver? In simple ...

Unconditional lien waivers go into effect as soon as they are signed, regardless of whether payment has actually been received. This can be dangerous.

Lien waivers may waive liens either to the extent of payment (“waiver of payment”) or to the extent of work performed (“waiver of performance”).

Luis Trejo, CRO & co-founder of lienwaivers.io, was working as a controller for a regional construction firm in Sioux City when he noticed a need for a better lien waiver process. “He came to me with ...

Land Gorilla, a leading provider of construction loan management software, today introduced a new tool that automates the generation of state-specific lien waivers to facilitate safe construction ...

The changes proposed by SB 908 will make the statutory lien waiver form mandatory for construction projects in Florida. SB 908 amends subsections (4) and (5) of Section 713.20.

Lien waivers document payments made by the contractor to subcontractors and material suppliers. The waivers must be signed by the contractor and by those providing the labor and materials.

Using actual loan data, new Statutory Lien Waivers tool eliminates guesswork, protects payments, and accelerates the disbursement of construction draws Lien waivers are critical for protecting ...