6.4 Subcontractor and Vendor Waiver & Release of Lien

POLICY: Subcontractor and Vendor Waiver & Release of Lien

PURPOSE: To require proper release of lien from all subcontractors and vendors.

RESPONSIBILITY: Project Manager

PROCEDURE:

1. Before final retainage is released on a subcontractor, a final Release of Lien Waiver shall be obtained form the subcontractor and each of his suppliers.

If the primary subcontractor has contracted part or all of his work to another subcontractor, a final Release of Lien Waiver shall be obtained from the subcontractor’s second tier sub and each of his suppliers.

2. As circumstances dictate, Release of Lien Waivers may be required before completion of the contract.