Conditional Waiver and Release Upon Final Payment definition
Examples of Conditional Waiver and Release Upon Final Payment in a sentence
Final Payment to the Engineer shall be made within sixty (60) calendar days after Engineer’s written demand provided Engineer has completed the Services described by the Agreement, and has delivered to Owner the updated Construction Documents, a Conditional Waiver and Release Upon Final Payment, a Declaration to Procure Payment and Release of Contract Rights, and any other Certificates and documentation reasonably required by Owner.
Conditional Waiver and Release Upon Final Payment - Attachment B4.
Similarly, final payment to Subcontractor shall be expressly conditioned upon Contractor’s timely receipt of an accurate Conditional Waiver and Release Upon Final Payment form and shall be made seven (7) days after the entire work required by the prime contract has been fully completed in conformity with the Contract Documents and has been delivered to and accepted by Owner, Architect, and Contractor, with funds received by Contractor from Owner in final payment for work under the prime contract.
Subcontractor, in submitting its request for final payment, shall include therewith, from itself, all lower tier subcontractors and each material and equipment supplier and vendor, a fully and properly executed Conditional Waiver and Release Upon Final Payment (Exhibit “E”).
Final Payment to the Architect shall be made within sixty (60) calendar days after Architect’s written demand provided Architect has completed the Services described by the Agreement, and has delivered to Owner the updated Construction Documents, a Conditional Waiver and Release Upon Final Payment, a Declaration to Procure Payment and Release of Contract Rights, and any other Certificates and documentation reasonably required by Owner.
Final Payment to the Engineer shall be made within sixty (60) calendar days after Engineer’s written demand provided Engineer has completed the Services described by the Agreement, and has delivered to Owner the updated Engineering Documents, a Conditional Waiver and Release Upon Final Payment, a Declaration to Procure Payment and Release of Contract Rights, and any other Certificates and documentation reasonably required by Owner.
The undersigned, being duly sworn, states and affirms to Buyer that (i) he/she is a [insert title of person signing] of [insert name of subcontractor] (“Subcontractor”), (ii) Subcontractor has been retained by Bu▇▇▇ ▇o assist Buyer with its Work under the Agreement (the “Project”), (iii) he/she is duly authorized on behalf of Subcontractor to execute and deliver this Conditional Waiver and Release Upon Final Payment on behalf of Subcontractor, and (iv) he/she is familiar with the facts herein stated.
A Civil Code Section 8132, 8134, 8136, and 8138 Conditional Waiver and Release Upon Progress Payment or a Conditional Waiver and Release Upon Final Payment and Labor Releases in the proper form must be completed in full (if applicable) by Subcontractor and each of Subcontractor’s consultant or subcontractor who provided any work or services and attached to each application payment package with the dollar amounts shown net.
As a condition of receiving the final payment, Contractor must execute and deliver to District, as appropriate, a Conditional Waiver and Release Upon Final Payment or Unconditional Waiver and Release Upon Final Payment in the form provided in Civil Code sections 8136 or 8138, respectively.
In addition to the final billing, submit a properly completed Conditional Waiver and Release Upon Final Payment, and Unconditional Waiver and Release Upon Final Payment form for your own work as well as from all your suppliers and sub-subcontractors (see sample forms).