Document background
The Contractor Lien Release is a crucial document in Philippine construction projects that serves to protect both property owners and contractors by formally documenting the waiver of lien rights in exchange for payment. This document is typically required when a contractor or subcontractor receives payment for completed work, whether as progress payments or final payment. The release should comply with Philippine law, particularly the Civil Code of the Philippines and the Contractor's License Law, and may be either conditional (pending payment) or unconditional (after payment receipt). It includes essential information such as project details, payment amounts, work completed, and the specific rights being released. The document helps prevent double payment scenarios and provides clear documentation of satisfied payment obligations, making it an essential tool in construction project management and risk mitigation.
