Use This Form If:

• Individuals who are contractors or subcontractors may need this form to ensure they receive partial payments for work completed without jeopardizing their rights to file a mechanic's lien later. By signing this waiver, they can provide assurance to the property owner while still protecting their financial interests.
• Situations requiring a contractor to receive progress payments often arise in large construction projects. This form allows them to secure funds for ongoing work while simultaneously releasing the property owner from liability for that portion of the work completed.
• For those involved in construction disputes, this waiver can be crucial. It allows parties to negotiate payments while maintaining a clear record of what has been paid and what rights are being waived, which can help prevent future legal complications.
• In instances where a subcontractor is working under a general contractor, this form can facilitate smoother transactions. It ensures that the subcontractor can receive payments for their contributions without risking their rights to claim against the property if needed.
• Property owners may utilize this waiver to protect themselves from future claims. By requiring contractors to sign this document before making progress payments, they can ensure that they are not held liable for unpaid work down the line.