Texas Conditional Partial Release During Construction

• Category: Texas Construction - Payments
• State: Texas
• Control #: TX-8000J
• Format: Word; Rich Text

Description

This release covers a progress payment for labor, equipment and materials furnished to a property owner. The contractor makes a draw on the contract amount and warrants the funds will be used to pay in full any laborer, subcontractors or vendors. Texas Conditional Partial Release During Construction is a type of lien release that is used in the state of Texas. It is a form of security that is used to protect the rights of contractors and subcontractors who are involved in construction projects. This form of lien release is typically used when payment has been made to the contractor for some or all of the work they have completed, but the contractor is still owed more money for the rest of the work they have done. The Texas Conditional Partial Release During Construction gives the contractor the right to receive payment for the remaining amount due, but only when certain conditions have been met. There are two types of Texas Conditional Partial Release During Construction: the Full Release and the Partial Release. The Full Release is used when all the conditions of the contract have been met and the contractor is ready to receive the full payment for the work they have done. The Partial Release is used when some conditions have been met, but not all, and the contractor is still owed some money for the work they have completed. The Partial Release gives the contractor the right to receive payment for the remaining amount due when all the conditions have been met.

Texas Conditional Partial Release During Construction is a type of lien release that is used in the state of Texas. It is a form of security that is used to protect the rights of contractors and subcontractors who are involved in construction projects. This form of lien release is typically used when payment has been made to the contractor for some or all of the work they have completed, but the contractor is still owed more money for the rest of the work they have done. The Texas Conditional Partial Release During Construction gives the contractor the right to receive payment for the remaining amount due, but only when certain conditions have been met. There are two types of Texas Conditional Partial Release During Construction: the Full Release and the Partial Release. The Full Release is used when all the conditions of the contract have been met and the contractor is ready to receive the full payment for the work they have done. The Partial Release is used when some conditions have been met, but not all, and the contractor is still owed some money for the work they have completed. The Partial Release gives the contractor the right to receive payment for the remaining amount due when all the conditions have been met.