When To Use
Use G902™ when a contractor is required to provide an unconditional lien waiver for progress payment on a project not subject to state-specific lien waiver statutes. G902 is typically executed as part of the documentation in support of a progress payment.
What It Does
G902 is intended for use when the contractor is required to provide a waiver and release that unconditionally waives and releases the contractor’s rights to assert a lien or payment bond claim for work performed on the project through a specific date, except for those rights listed under “Exceptions” in the document. The Contractor’s waiver of rights is not conditioned upon the Contractor’s receipt of a future payment as described in the form.
Additional Information
Caution should be exercised before using G902 to verify compliance with current laws and regulations. Users should consult with an attorney with regard to the completion and use of G902.
