At zlien, we get a lot of questions about when to send waivers and which forms should be used. This series will cover the ins and outs of Waivers (also referred to as releases) by breaking down the different types and how they are used in the zlien platform. This post will start by cover unconditional progress waivers.
While lien waiver documents are an important part of the construction industry, these documents can be complex and are sometimes overlooked. Essentially, lien waiver documents state that you've received or expect to receive payment and waive future lien rights. We have a very thorough guide to lien waivers that you can go through, but this post will specifically look at unconditional progress waivers.
Unconditional Progress Waivers
More formally referred to as an Unconditional Waiver for Partial Payment, this waiver should be used when you have received a progress payment on your job. Definitely note the term unconditional. This means that you have that payment in hand, not that it's promised to be on the way. You might be expecting future payments on the project, so this waiver will apply specifically to the progress/partial payment that you have received. If you don't have the payment in hand, or the check hasn't cleared, you might want to consider sending a conditional progress release instead. To lay it out clearly, this waiver is used when:
- You have received a partial or progress payment on a job.
- The payment is in hand and has cleared the bank.
Generating Unconditional Progress Waivers Through zlien
zlien has created the Waiver Inbox, which allows you to electronically exchange lien waivers with confidence and ease. If you subscribe to zlien, you just have to log in to your account to get started on your first unconditional progress waiver. As a subscriber, you can choose to use one of zlien's standard, state-compliant templates, or you can create your own template. Watch our 5 minute tutorial on generating waivers through the Waiver Inbox to get started today!