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NASCLAProcurement and Contracting Requirementsmedium

A subcontractor has not yet received the current progress payment. Which waiver form best matches the situation?

Correct Answer

D) A conditional waiver tied to receipt of payment.

A conditional waiver avoids releasing lien rights until payment is received.

Answer Options
A
Classify it as an unconditional final waiver
B
Classify it as a bid bond
C
Classify it as a substitution request
D
A conditional waiver tied to receipt of payment.

Why This Is the Correct Answer

A conditional waiver avoids releasing lien rights until payment is received.

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