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The Conditional Waiver And Release On Progress Payment is a standard document used in Philippine construction projects to manage payment processes and lien rights. It is typically used when a contractor, subcontractor, or supplier receives a progress payment during the course of a construction project. The document serves to waive the claimant's rights to file a lien or maintain a claim for the portion of work covered by the payment, but only once the payment has actually been received and cleared. This conditional nature provides protection for both the party making the payment and the party receiving it. The document must comply with Philippine construction law, including the Civil Code of the Philippines and CIAP regulations, and typically includes specific details about the project, payment amount, and the scope of work covered by the waiver. It's particularly important in larger construction projects where multiple parties and payment phases are involved.

1. Parties: Identifies the parties to the waiver, including the Claimant (contractor/supplier) and the Party Making Payment (owner/general contractor)

2. Background: Brief context about the construction project, the original contract, and the relationship between the parties

3. Definitions: Defines key terms used in the document including 'Progress Payment', 'Through Date', 'Project', and 'Conditional Waiver'

4. Payment Details: Specifies the progress payment amount, payment period, and through date for which the waiver is being given

5. Conditional Waiver Statement: The core waiver language stating that the release becomes effective only upon receipt of the specified payment

6. Rights Reserved: Specifies what rights are preserved, including retention amounts, unbilled work, and extra work

7. Execution: Signature blocks and execution requirements including notarization if required