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Waiver request

New YorkLien Waivers

Hello, we received a partial lien waiver from the client to sign and the value on that document is $1. Payment that we are expecting to receive is $110,000.00. We asked client to amend this dollar value to the actual amount due and their response was: The waiver is approved by both our attorney and the bank. All waivers remain universal for every subcontractor on the project, just date and req period change month to month. The reason $1.00 is the amount is because we do not enclose the payment value on waiver, but yes we can confirm the true value you will be funded. Their CFO added: What we can do is provide you with 2 waivers. One which contains the value you will be funded and the other is waiving the $1. The $1 waiver has to be provided to the owner for their lender as we are a general contractor for this project and therefore the owner is not privy to the contract values and payment to our individual trades. Our question is - can we sign two documents $1 and $110,000.00. We want to make sure we will be protected in case of the pay $1 dollar and we do not want to loose any lien rights. Thank you!

1 reply

Oct 22, 2021
I do not recommend signing a false document, you need to demand to sign an accurate document. there is something amiss here.
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