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Lien waivers are documents that acknowledge and release rights a party has to a project in regard to amounts owed to that party for any work or services performed this is an unconditional waiver and release upon final payment this form extinguishes all claimant rights upon receipt of payment this form pulls the same process as the conditional waiver and release upon final payment form it should be sent to Walsh an upon reception of the last check before the reimbursement of the retention amount if applicable the top section should be filled out in an identical fashion to the conditional waiver and release upon final payment form drawing your attention to the tally section on the right-hand side the original contract price is the agreed estimated amount listed in the contract executed changes are any change orders that you will make during the project including negative or deductive change orders total contract price reflects the total of the original contract price and the executed changes total payments received to date reflects the cumulative monthly payments that you have received by the date you have mailed the lien waiver to Walsh a should be equal to the total contract price total retention amount reflects the cumulative retention amount withheld corresponding to all pay periods since the beginning of the work with Walsh is other withholding total if applicable this would be any other monies Walsh a has withheld for payments to you, you should conclude this form by signing and dating at the bottom
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