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Are there any exceptions that you recommend including when utilizing a conditional waiver on final payment?

North CarolinaLien Waivers

Howdy, Question for ya... We are a supplier located in eastern North Carolina and currently utilize the NCLTA Form 6 for all final payments. However, yesterday the webinar introduced me to the conditional version of lien waivers. I am extremely new to both the field and industry and want to ensure I am taking every measure possible to satisfy our customers while protecting our company. Habitually, we take the dreaded "leap of faith" and sign off on small balance liens. Yesterday sparked an interest regarding the utilization of conditional waivers. We are constantly told by GCs that they "need the closing money to pay". My assumption would be to use the conditional on final payment form. Are there any exceptions that you recommend including or tips that you may have? So, that our GCs can close on the property while still being held accountable for the remaining balance and without our employees committing perjury? Thank you for your help Haley Brogden

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