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Conditional Lien Waiver
Need a Conditional Lien Waiver for our Dublin office development project, with a payment amount of €2.5M to be released to the general contractor upon verification of completed works by March 15, 2025.
1. Parties: Identification of the party waiving the lien (contractor/subcontractor) and the party receiving the waiver (property owner/general contractor)
2. Background: Context of the project, reference to the original contract, and the current payment situation
3. Definitions: Key terms used in the waiver including 'Project', 'Contract Sum', 'Payment Period', 'Lien Rights'
4. Project Identification: Specific details of the construction project including location and scope of work
5. Payment Details: Amount of payment that triggers the waiver, including any previous payments
6. Waiver Conditions: Specific conditions that must be met for the waiver to become effective
7. Retention of Rights: Clear statement of rights retained for unpaid amounts or future work
8. Representations and Warranties: Confirming authority to execute waiver and no assignment of lien rights
9. Governing Law: Confirmation that Irish law governs the waiver
10. Execution: Signature blocks and execution requirements
1. Through-Date Provisions: Used when the waiver covers work through a specific date rather than the entire project
2. Subordinate Parties Waiver: Include when subcontractors or suppliers need to waive their rights
3. Conditional Payment Terms: Specific payment processing details when payment is made by check or electronic transfer
4. Reservation of Rights: Used when certain specific rights need to be preserved despite the general waiver
5. Progress Payment Provisions: Include for projects with multiple payment phases
6. Disputed Claims: Include when there are existing disputed claims that need to be addressed
1. Schedule A - Project Details: Detailed description of the project, including plans and specifications
2. Schedule B - Payment History: Record of all previous payments made and outstanding amounts
3. Schedule C - Original Contract: Copy or key terms of the original construction contract
4. Schedule D - Subcontractor List: List of all subcontractors and suppliers covered by the waiver
5. Appendix 1 - Calculation of Amount Due: Detailed breakdown of the payment amount that triggers the waiver
6. Appendix 2 - Form of Payment Confirmation: Standard form for confirming receipt of payment
Authors
Application for Payment
Claimant
Completion Date
Construction Contract
Contract Documents
Contract Price
Contract Works
Effective Date
Final Payment
Lien
Lien Rights
Owner
Payment Amount
Payment Period
Principal Contractor
Project
Project Site
Progress Payment
Property
Release Date
Retention Amount
Scope of Works
Site
Subcontractor
Supplier
Through Date
Waiver Period
Works
Construction Contracts Act
Conditional Waiver
Payment Claim
Contract Sum
Outstanding Balance
Permitted Retention
Progress Claims
Relevant Date
Waiver Conditions
Recitals
Definitions
Project Description
Payment Acknowledgment
Waiver Conditions
Scope of Waiver
Payment Terms
Rights Retention
Representations and Warranties
Release of Claims
Conditions Precedent
Governing Law
Jurisdiction
Execution
Notices
Severability
Entire Agreement
Amendment
Assignment
Payment Verification
Lien Rights
Project Identification
Property Description
Waiver Period
Dispute Resolution
Further Assurance
Authority to Execute
Third Party Rights
Counterparts
Construction
Real Estate
Property Development
Infrastructure
Commercial Building
Residential Development
Industrial Construction
Engineering
Architecture
Facilities Management
Legal
Construction
Commercial
Finance
Operations
Project Management
Risk Management
Procurement
Contract Administration
Development
Construction Manager
Project Manager
Contract Administrator
Legal Counsel
Construction Lawyer
Quantity Surveyor
Commercial Director
Finance Manager
Operations Director
Risk Manager
Procurement Manager
Development Manager
Site Manager
Claims Manager
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