Subcontractor'S Final Lien Waiver And Release Of Claims printable pdf download

SUBCONTRACTOR’S FINAL LIEN WAIVER AND RELEASE OF CLAIMS

Owner:

Original Contract Sum:

Project/Premises:

Total Approved CO’s:

Construction Manager:

Contract Sum to Date:

Subcontractor:

Total Completed to Date:

Requisition/Payment #

Total Payments Received to Date:

Final Payment:

Subcontractor hereby acknowledges that the Final Payment, upon clearance by Subcontractor’s bank, together with

Total Payments Received To Date, represents payment in full for all work, labor, services, equipment and materials

furnished on the Project by Subcontractor and its sub-subcontractors, laborers and materialmen.

In consideration of the sums previously received, and the Final Payment, Subcontractor hereby waives and releases

Construction Manager and Owner from any and all claims for payment for the Work and liens and rights of liens in

connection with the Project as well as any other claims, rights or causes of action in equity or law whatsoever

arising out of, through or under the Subcontract for the Work on the Project or otherwise in connection with the

Project.

Subcontractor represents and warrants that it has paid for all labor, materials, equipment and services that it has used

or supplied in the amounts set forth on Subcontractor’s Applications for Payment or, upon clearance of the Final

Payment, will pay for same in accordance with applicable law. Subcontractor further represents and warrants that it

has no other outstanding and unpaid applications, invoices, or unbilled work or materials against Construction

Manager. Subcontractor agrees to defend, indemnify and hold harmless Construction Manager and Owner for any

losses or expenses (including without limitation reasonable attorneys’ fees) should any claim, lien or right of lien be

asserted against Construction Manager or Owner by Subcontractor or any of its sub-subcontractors, laborers or

materialmen in connection with payment for the Work. Subcontractor acknowledges (a) amounts received from

Construction Manager are trust funds under applicable law and (b) the making and delivery of this waiver is a substantial

inducement to Construction Manager in making payments to Subcontractor.

By: _______________________

Name:

Title:

Sworn to before me this

____ day of _____________, 20__

_________________________________

Notary Public

Subcontractor'S Final Lien Waiver And Release Of Claims