Conditional Waiver And Release On Progress Payment Through Date
What is Conditional waiver and release on progress payment through date?
A Conditional waiver and release on progress payment through date is a legal document signed by a contractor or subcontractor to waive their right to a claim for payment up to a specific date. By signing this document, the involved parties agree that they have been paid partially for work completed and waive any further claims for payment up to the specified date.
What are the types of Conditional waiver and release on progress payment through date?
There are two types of Conditional waiver and release on progress payment through date: Conditional waiver and release on progress payment through a specific date and Conditional waiver and release on final payment. The first type waives the claim for payment up to a particular date, while the second type releases the claim for the final payment upon completion of the project.
How to complete Conditional waiver and release on progress payment through date
To complete a Conditional waiver and release on progress payment through date, follow these steps:
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