When writing a conditional waiver do I include the amount from the previous conditional waiver in the grand total if I have not received payment from the previous conditional waiver? I wrote a conditional waiver for February and now they are asking for both March and April so as I write these conditional waivers do I keep including the previous amounts. I do see the exceptions section so I did put in there that we sent a waiver and didn't receive a check but im not sure if for the new conditional waiver make the amount of check we are owed a combined amount from the previous months or do I just write how much they owe us for the current month because I listed the previous month in the exception.
The conditional waiver should include all amounts invoiced. Experienced contractors will typically put the conditional waiver on the invoice itself, instead of seperate documents. The invoice will state all figures inlcuding: contract amount + change order amounts = total amount - "payments to date" AND the total amount currently due including any late payments, and balance remaining on the contract which is not yet due. You can also add an additonal statement of the invoice being an unconditional waiver as to the stated "Payments to Date" in the invoice. Thereby killing 3 birds with 1 stone. Have to be careful in how you word it, but if worded correctly it can making invoicing the client a lot simplier.