Tag Archives: lien waiver

Construction professionals are skilled at juggling subcontractors and suppliers, but what happens if one of these teams does not receive payment? The answer is that they may file a mechanic’s lien, inhibiting the owner from selling without distributing the proceeds accordingly. The process can turn into a convoluted mess.  A lien waiver acts as payment […]

Everyone on a construction project benefits from lien waivers as they are an important tool in the construction payment process. Lien waivers are the release of lien rights up to a predetermined dollar amount. This is usually done once payment has been received by the contractor, sub or supplier. No one wants to deal with […]