Fillable Southern Illinois University Final Waiver Form (Page 2 of 2) in pdf

Southern Illinois University Final Waiver Form Page 2

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WAIVER OF LIEN PROCEDURES

Definitions:

CONTRACTOR. Contractor is the individual, partnership, firm, corporation, or other business entity entering into the Contract with SlLl to perform the Work under

the Contract Documents and is identified as such in the Owner-Contractor Agreement.

SUBCONTRACTOR. Subcontractor is a party having a direct contract with the Contractor to perform any of the Work.

SUB-SUBCONTRACTOR. Sub-subcontractor is a party having a direct or indirect contract with the Subcontractor to perform any of the Work.

SUPPLIER. Supplier is a party having a direct contract with the Contractor, Subcontractor, or Sub-subcontractor to furnish material or equipment for the Work.

Partial Lien Waivers:

1 .

Lien waivers are not required with first payment application if payment is less than 50% of the contract amount. Each subsequent payment

application shall be accompanied by the Contractor's partial waiver, and by partial waivers from all subcontractors and suppliers who were included in

the immediately preceding payment application, to the extent of that payment.

Lien waivers from the Contractor and all subcontractors and suppliers shall accompany the first payment application when the amount of payment

exceeds 50% of the total contract amount.

Note: SlU or the Architect-Engineer may furnish to any Subcontractor of Supplier information regarding percentages of completion or amounts used as basis of

payments on account of Work by such Subcontractors or Suppliers.

Final Lien Waivers:

1 .

Final lien waivers in the full amount of their contracts from all subcontractors and suppliers for which final lien waivers have not previously been

submitted.

Final lien waivers are not required for subcontractors and suppliers whose subcontracts and purchase orders or agreements are less than $500

unless otherwise requested by the A/E and/or SIU.

Use of SIU Lien Waiver Forms

All waivers shall be submitted on SIU Forms.

IMPORTANT NOTICE

DISCLOSURE

THIS