A subcontractor is asked to sign a final unconditional lien waiver before receiving the final payment check. What document better matches payment that has not cleared yet?
Correct Answer
B) Conditional waiver or release tied to actual receipt of payment
If payment has not been received or cleared, a conditional waiver tied to payment receipt better matches the transaction. Other choices are bidding, bonding, or submittal documents.
Why This Is the Correct Answer
If payment has not been received or cleared, a conditional waiver tied to payment receipt better matches the transaction. Other choices are bidding, bonding, or submittal documents.
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