Document background
The Partial Lien Waiver is a critical document in Austrian construction projects, used when partial payments are made for completed work or delivered materials. Under Austrian law, particularly the ABGB (Austrian Civil Code), contractors, subcontractors, and suppliers have the right to place liens (Bauhandwerkerpfandrecht) on property to secure payment for their work. When partial payments are made, this document provides a formal mechanism to waive lien rights specifically for the paid portion while maintaining rights for unpaid amounts. The Partial Lien Waiver helps maintain clear payment records, reduces payment disputes, and facilitates smooth project progression by providing certainty to all parties about the status of lien rights. It is particularly important in larger construction projects where multiple payment phases are involved and multiple parties need to coordinate their payment and lien waiver processes.
