Improve your productivity with Progress Payment Release Form

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Video Guide on Progress Payment Release Form management

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Commonly Asked Questions about Progress Payment Release Form

Texas Property Code, Section 53.284, prescribes statutory language for Waiver and Release of Lien or Payment Bond Claims. Waivers for claims under a PRIME CONTRACT signed AFTER January 1, 2021, DO NOT need to be docHubd. Waivers for claims under a PRIME CONTRACT signed BEFORE January 1, 2021, MUST be docHubd.
When you have the correct template for the conditional progress payment waiver, simply fill in the required information: Name of Claimant. Write your full business name. Name of Customer. Write the full name of the party who hired you. Job Location. Owner. Through Date. Maker of Check. Amount of Check $ Check Payable to.
(Reference Texas Property Code 53.281 and 53.284) [This header is for your convenience and may be deleted from the actual notice letter] NOTICE: THIS DOCUMENT WAIVES RIGHTS UNCONDITIONALLY AND STATES THAT YOU HAVE BEEN PAID FOR GIVING UP THOSE RIGHTS.
The Texas final unconditional waiver form should be used when the final payment for a project has been made and received by the party that furnished labor or materials. Signing this waiver signifies that payment has been received and no further payments are expected following the payment described in the waiver.
Final payment release forms are typically filed by the contractor or subcontractor who performed the work and received the final payment. The form is submitted to the customer (or owner) to indicate that all of the payment obligations for the work have been fulfilled.
A Conditional Waiver and Release Upon Progress Payment discharges all claimant rights through a specific date, provided the payments have actually been received and processed. An Unconditional Waiver and Release Upon Final Payment extinguishes all claimant rights upon receipt of the payment.
Conditional Waiver and Release Upon Progress Payment This form is useful when the claimant is not yet paid, but will be paid out of a progress payment that is not the final payment. This conditional waiver and release is only effective if the claimant is actually paid.