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What is the correct way to determine the amount on a Conditional progress release?

For years on Conditional Progress releases we have used a cumulative total. Ex, apr. invoice (open) #$15.00, may 20.00, & june 35.00 so when doing the rel. thru 6/30/19, the amount that I use is $70.00 as being due. Is this correct? Your article that I read was, How can I provide a lien waiver for a soecific month, when the previous months are still owed Thank you, Pam

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Sep 20, 2019

You wouldn’t need to put down a cumulative total. Next to “Amount of Check” you would put in the amount of the check you should be receiving in exchange for the conditional waiver and release upon progress payment. If there are unpaid amounts that were due earlier you would indicate that under the “Exceptions” as progress payments for which you have previously given a conditional waiver and release but had not received payment. Date(s) of waiver and release: Amount(s) of unpaid progress payment(s): [Date(s) of Waiver and Releases not yet paid] [Total amount of unpaid progress payments]

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Sep 20, 2019

Hi Garret, O.K., thank you for clarifying that! That will be how we so them then! Thabk you! Pam

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