Waivers Of Lien

With each requisition, the CM/GC must submit a partial waiver of lien to the owner, indicating that the prior payment was received and that all payments have been made to subcontractors, suppliers, and vendors in accordance with the requisition amounts, and that there are no outstanding claims, liens, disputes, and change orders that have not been presented to date. This cycle of presenting lien waivers continues with each requisition cycle until the final and last requisition is presented. In addition, the CM/GC needs to obtain from each subcontractor a partial lien waiver for all prior payments before releasing the current requisition payment. A partial waiver of lien is illustrated in Exhibit 20-4.

A final waiver of lien needs to be submitted by the CM/GC indicating the final contract amount with all approved change orders, which certifies that all prior payments have been made to all subcontractors, suppliers, and vendors in accordance with all prior requisitions, payments, and partial waivers of liens. The final waiver of lien also is an affirmation that

Exhibit 20-4

Partial waiver of lien.

STATE OF COUNTY OF

To Whom It May Concern:

For valuable consideration paid to date ($ ),_

does hereby waive, release and relinquish any and all lien, or claim, or right of lien they now have or may have hereafter under the Statutes of the State of relating to Mechanic's Liens on account of labor or materials or both provided in connection with work performed on the above described project located at the premises known and described as:

Further, we hereby represent that all subcontractors and suppliers who have performed construction services or supplied materials for this project on our behalf will be paid in full for their services and/or materials.

In the event that any subcontractor or supplier files a lien against the property, we hereby warrant we will immediately post a bond in satisfaction and proceed to discharge the lien or claim or right of lien for causes of action debts, dues, sums of money, accounts, bonds bills, contracts, controversies, damages, judgments, and demands they may have under the Statutes of the State of against Given under hand and seal this day of

CORPORATE SEAL

NAME_

SIGNATURE

TITLE

Exhibit 20-5

Final waiver of lien.

To Whom It May Concern:

For valuable consideration paid to date ($ ),_

does hereby waive, release and relinquish anyand all lien, or claim, or right of lien they now have or may have hereafter under the Statutes of the State of relating to Mechanic's Liens on account of laboror materials or both provided in connection with work performed on the above described project located at the premises known and described as:

Further, we hereby represent that all subcontractors and suppliers who have performed construction services or supplied materials for this project on our behalf will be paid in full for their services and/or materials.

In the event that any subcontractor or supplier files a lien against the property, we hereby warrant we will immediately post a bond in satisfaction and proceed to discharge the lien or claim or right of lien for causes of action debts, dues, sums of money, accounts, bonds bills, contracts, controversies, damages, judgments, and demands they may have under the Statutes of the State of against or the buildings and premises described above. Given under hand and seal this day of.

CORPORATE SEAL

NAME_

SIGNATURE.

TITLE

there are no outstanding claims, contractual disputes, open change orders, etc., remaining to be resolved, and that the final payment will constitute payment in full for the work performed on the project in accordance with the terms of the contract. Similarly, the CM/GC must obtain from each subcontractor a final waiver of lien prior to making the final payment. A final waiver of lien is illustrated in Exhibit 20-5.

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