{"id":1021,"date":"2023-11-30T07:42:11","date_gmt":"2023-11-30T07:42:11","guid":{"rendered":"https:\/\/www.projectpro365.com\/user-guide\/?p=1021"},"modified":"2025-04-16T06:30:59","modified_gmt":"2025-04-16T06:30:59","slug":"vendor-lien-release-waiver","status":"publish","type":"post","link":"https:\/\/www.projectpro365.com\/user-guide\/advanced\/subcontract-management\/vendor-lien-release-waiver\/","title":{"rendered":"Ch 05 – Vendor Lien Release Waiver"},"content":{"rendered":"

Contents<\/b><\/p>\n\n\n\n<\/tr>\n\n\n\n
INTRODUCTION<\/a><\/td>\n<\/tr>\n
PROGRESS LIEN RELEASE<\/a><\/td>\n<\/tr>\n
FINAL LIEN RELEASE<\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

INTRODUCTION<\/b><\/p>\n

Lien Release Waivers are documents that are generated during the subcontract payment process. These documents contain the legal content in which the subcontractor acknowledges that the work performed for the owner or general contractor is either partially or fully completed on a specific project. These documents are either \u201cProgress Lien Release\u201d or \u201cFinal Lien Release\u201d depending on the work completed that is due for payment.<\/p>\n

PROGRESS LIEN RELEASE<\/b><\/p>\n

The Progress Lien Release gets printed when the user is paying the partial amount to the subcontractor.<\/p>\n

See below example showing the invoice entries to be applied on the payment line.<\/p>\n

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On the payment journal, define the \u201cPrint Lien Release\u201d with type as \u201cProgress\u201d.<\/p>\n

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Once the payment entries are posted, you can print the lien release waiver from the vendor ledger entries. <\/p>\n

On the Vendor Ledger Entries, select the payment entry which was posted and click on Actions → Print Lien Release from the ribbon.<\/p>\n

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On the request page enter the relevant details pertaining to your lien release waiver. Set the field \u201cMark as Printed\u201d as True to have the related vendor ledger entry reflect that the waiver has been printed. Click on \u201cPrint \/ Preview \/ Close\u201d to print the report. The \u201cUnconditional Waiver and Release on Progress Payment\u201d will get printed as below.<\/p>\n

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If for any reason the report needs to be reprinted, then you can do so by changing the value for \u201cLien Release Print Status\u201d field from \u201cRequested\u201d to \u201cPrinted\u201d and print the report again using the same option \u201cPrint Lien Release\u201d.<\/p>\n

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FINAL LIEN RELEASE<\/b><\/p>\n

The Final Lien Release gets printed when the user is paying the full amount to the subcontractor.<\/p>\n

In this case the \u201cPrint Lien Release\u201d field should be set as \u201cFinal\u201d.<\/p>\n

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The process for printing \u201cFinal Lien Release\u201d report are same as for printing the Progress Lien Release with a small difference on the vendor ledger entries where \u201cLien Release Type\u201d should be set to \u201cFinal\u201d on the payment entry.<\/p>\n

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Print the report for final lien waiver using the option as \u201cPrint Lien Release\u201d from the ribbon of vendor ledger entries. The \u201cUnconditional Waiver and Release on Final Payment\u201d will get printed as below.<\/p>\n

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Contents INTRODUCTION PROGRESS LIEN RELEASE FINAL LIEN RELEASE INTRODUCTION Lien Release Waivers are documents that are generated during the subcontract payment process. These documents contain the legal content in which the subcontractor acknowledges that the work performed for the owner or general contractor is either partially or fully completed on a specific project. These documents … <\/p>\n

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