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Conditional Waiver And Release On Final Payment Form
"I need a Conditional Waiver and Release on Final Payment Form for a commercial building project in Auckland worth NZD 5.2 million, with final payment scheduled for March 2025, that includes provisions for multiple subcontractors and retention release conditions."
1. Claimant Information: Identifies the party providing the waiver (typically contractor/subcontractor), including full legal name and business address
2. Project Details: Specifies the construction project information, including project name, address, and owner details
3. Payment Information: States the final payment amount that triggers this waiver and any previous payments received
4. Conditional Waiver Statement: Clear statement that the waiver and release become effective only upon receipt of final payment
5. Scope of Waiver: Detailed description of the rights, claims, and liens being waived upon payment
6. Through Date: Specifies the date through which the waiver applies and confirms this as final payment
7. Signature Block: Space for claimant's authorized signature, date, and witness details
1. Exceptions: Lists any specific claims or rights explicitly excluded from the waiver, used when certain disputes or claims are being preserved
2. Progress Payment History: Summary of all previous progress payments, used for complex projects with multiple payment stages
3. Disputed Claims: Section identifying any outstanding disputed claims, used when there are unresolved issues separate from the final payment
4. Additional Certifications: Extra certifications required by specific parties or jurisdictions, used when project requirements demand additional assurances
5. Subcontractor Confirmation: Confirmation that all subcontractors and suppliers have been paid, used for primary contractors
1. Schedule A - Payment Details: Detailed breakdown of the final payment amount and any retained amounts
2. Schedule B - List of Completed Works: Itemized list of all completed works covered by this waiver
3. Appendix 1 - Supporting Documents: Copies of relevant invoices, payment certificates, or other supporting documentation
4. Appendix 2 - Previous Waivers: Copies of any previous progress payment waivers referenced in this final waiver
Authors
Construction
Real Estate Development
Infrastructure
Commercial Building
Residential Construction
Industrial Construction
Civil Engineering
Property Development
Architecture and Design
Engineering Services
Legal
Finance
Operations
Project Management
Contract Administration
Commercial
Construction Management
Risk Management
Procurement
Accounts Receivable
Project Manager
Construction Manager
Contract Administrator
Quantity Surveyor
Site Manager
Commercial Manager
Legal Counsel
Finance Manager
Operations Director
Claims Manager
Procurement Manager
Construction Supervisor
Account Manager
Project Coordinator
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