A conditional lien waiver differs from an unconditional waiver because it:
Correct Answer
A) Takes effect only when the stated payment condition is satisfied
A conditional waiver is tied to the condition stated in the document, commonly actual receipt of payment. Other choices confuse it with unconditional release, bidding, or warranty terms.
Why This Is the Correct Answer
A conditional waiver is tied to the condition stated in the document, commonly actual receipt of payment. Other choices confuse it with unconditional release, bidding, or warranty terms.
Why the Other Options Are Wrong
Option B: Always releases claims before payment exists
Choice B (Always releases claims before payment exists) is rejected because it names a financial document or payment mechanism, not the Conditional waiver action/result stated by Takes effect only when the stated payment condition is satisfied.
Option C: Is the same as a bid alternate while combining separate alternates into one lump-sum entry
In procurement and contracting, Is the same as a bid alternate is the wrong selection for Conditional waiver: the option answers a paperwork, payment, or bonding issue.
Option D: The contractor should deletes all warranty obligations
The trap in D is Deletes all warranty obligations. That selection is wrong because it removes the controlling Conditional waiver requirement instead of meeting it.
Memory Technique
Picture conditional waiver doing the job; the answer names that job as Takes effect only when the stated payment condition is satisfied.
Reference Hint
Open NASCLA Contractors Guide to Business, Law and Project Management, 14th Ed.; use the index entry or section for "Conditional lien waiver concept" to confirm that A conditional waiver is tied to the condition stated in the document, commonly actual receipt of payment.
More NASCLA Questions
Bid instructions require bid security with each sealed bid. Which purpose should the estimator associate with that requirement?
A wood deck surface has 320 sf of coverage. Boards have a 5-1/2 in. actual face width, and the order includes an 8 percent cutting allowance. What linear footage is closest?
Using the dimensions shown for the stabilized construction entrance, what is the plan area?
A reroof area requires 14,720 sf of rigid insulation. Boards are 4 ft by 8 ft, and the order includes 5 percent waste. How many boards are needed?
Two addenda revise the drawings before bid day. What must a responsive bidder normally do with those addenda?
A utility trench is 180 ft long, 3 ft wide, and 7 ft deep with vertical sides inside a trench shield. What excavation volume is required?
A 120 ft long Type C trench is cut with a 4 ft bottom width and a 6 ft depth. If side slopes are 1-1/2 horizontal to 1 vertical, what excavation volume is closest?
A storm pipe run needs 240 ft of bedding, 4 ft wide and 6 in. thick. Including a 10 percent ordering allowance, how many cubic yards of bedding aggregate are needed?
A mass excavation produces 1,180 loose cubic yards of material for off-site disposal. End-dump trucks can haul 18 loose cubic yards per trip. What truck count is required?
An asphalt-shingle roof has a slope of 3:12. Under the IBC low-slope asphalt-shingle provisions, what underlayment arrangement is required?
People Also Study
Business & Financial Management
120 questions · 70% to pass
Contract Administration
60 questions · 70% to pass
Project Management
60 questions · 70% to pass