Office Manager's Guide To Lien Waivers

Lien waivers are a key part of the construction payment process, and often are exchanged multiple times on every job. Whether you work in an office where you are requesting waivers and making payments, or one where you are signing waivers and receiving payments, you probably recognize this document and the important role it plays.

But in an office manager role, in particular, it's essential that you understand the ins and outs of lien waivers and how they can impact the success of your company. We put this handy guide together to make the most important information about the waiver process quick and easy to learn.

In it, we cover:

• What lien waivers are and how they impact your company's ability to get paid or reduce the risk of liens
• The difference between conditional and unconditional lien waivers
• The difference between partial and progress payments
• Which states require specific lien forms
• Red flags to look out for on the waivers you exchange