Subcontractor'S Lien Waiver And Release Of Claims Progress Payment And/or Percent Complete printable pdf download

Subcontractor’s Lien Waiver and Release of Claims

Progress Payment and/or Percent Complete

Payment Date:

Developer:

General Contractor/

Construction Manager:

Subcontractor:

Premises:

The undersigned Subcontractor has entered into an agreement (the “Subcontract”) with

General Contractor/Construction.

for the supply of materials and performance of labor in connection with the

construction of improvements upon the Premises pursuant to a separate agreement

between General Contractor/Construction Manager and Developer (the “Project”).

The undersigned Subcontractor hereby represents, warrants and certifies that it has

received partial payment (the “Partial Payment”) representing

of the total amount due to the Subcontractor pursuant to the Subcontract as of the

Payment Date. The undersigned Subcontractor hereby further represents, warrants and

certifies that the Partial Payment represents the full value of all work, labor, services,

equipment and materials furnished in connection with the Project by Subcontractor and

its subcontractors, employees, laborers and material suppliers (the “Work”) through the

Payment Date.

In consideration of the Partial Payment and other good and valuable consideration, the

receipt and sufficiency of which is hereby acknowledged, effective upon General

Contractor/Construction Manager making or having previously made the Partial

Payment to Subcontractor, the undersigned Subcontractor waives and releases any

right it now has or in the future may have to make any and all claims for payment and

to claim a mechanic’s lien or any other lien rights or rights of liens, and waives and

releases all other claims of any kind, against (a) the real property on which the Premises

are located; (b) the improvements and other property located thereon; (c) the Developer

and its title company, lenders and guarantors, and their respective affiliates, employees,

officers, and agents; (d) the surety or sureties of the Developer; (e) the General

Contractor/Construction Manager and its affiliates, employees, officers, and agents;

and (f) the owner of the Premises its affiliates, employees, officers, and agents, in each

case for anything whatsoever related to or in connection with the Work or the Project

(whether billed or unbilled) through the Payment Date, except for (x) claims relating to

retainage in the amount (if any) specified in the Subcontract and (y) pending claims or

change orders, notice of which has been timely provided by Subcontractor to General

Subcontractor'S Lien Waiver And Release Of Claims Progress Payment And/or Percent Complete