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2. Lien waiver - Wikipedia

   en.wikipedia.org/wiki/Lien_waiver

   In the mechanics lien process, a lien waiver is a document from a contractor, subcontractor, materials supplier, equipment lessor or other party to the construction project (the claimant) stating they have received payment and waive any future lien rights to the property (of the owner) for the amount paid.

3. Mechanic's lien - Wikipedia

   en.wikipedia.org/wiki/Mechanic's_lien

   A lien release, also known as a release of lien or a cancellation of lien, is a document that may be voluntarily provided by a lien claimant, such as a subcontractor, in exchange for payment or a promise of payment from a general contractor or a property owner. Negotiations may be tricky, as lien claimants generally want to be paid before they ...

4. Retainage - Wikipedia

   en.wikipedia.org/wiki/Retainage

   Subcontractors tend to bear the brunt of retainage provisions, especially subcontractors performing work early on in the construction process. [24] The main reason for this, is because many contractors pass down the owner's right to withhold retainage to the subcontractor, but frequently withhold more than is being withheld from them. [24]

5. New Engineering Contract - Wikipedia

   en.wikipedia.org/wiki/New_Engineering_Contract

   NEC Contracts logo. The New Engineering Contract (NEC), or NEC Engineering and Construction Contract, is a formalised system created by the UK Institution of Civil Engineers that guides the drafting of documents on civil engineering, construction and maintenance projects for the purpose of obtaining tenders, awarding and administering contracts.

6. Lien - Wikipedia

   en.wikipedia.org/wiki/Lien

   dragnet lien (United States)—a lien that is enlarged to cover any additional credit extended to the debtor to the same creditor. environmental lien—a charge, security, or encumbrance on a property's title to secure payment of cost or debt arising from response actions, cleanup, or other remediation of hazardous substances or petroleum products.

7. Waiver - Wikipedia

   en.wikipedia.org/wiki/Waiver

   The waiver should be unambiguous and clear to a reasonable person; In some jurisdictions (not including the United States), it may be necessary that the parties to the waiver have equal bargaining power; A waiver may have limited application where one contracts for an "essential service" such that it may violate public policy for liability to ...