AIA Contract Documents has developed a limited number of Sworn Construction Statements and Lien Waiver and Release forms that might be used in specific states. These forms are usually submitted by a contractor and their subcontractors when requesting payment for work performed on a project. Walk away with information on how these new forms are used, why they are required on construction projects, and the distinctions between varying types of lien waiver and release forms.
It is important to consult with an attorney to determine which new AIA Contract Documents form is suitable for your needs.
0:00 Introduction
1:11 AIA Contract Documents New Lien Waiver and Release, and Sworn Construction Statement Forms
5:05 Why are Lien Waiver and Release Forms Required?
5:30 Who Requires Sworn Construction Statement Forms?
6:13 Payment Application Process
8:33 States With Statutorily Prescribed Lien Waiver and Release Forms
9:49 States Without Statutorily Prescribed Lien Waiver and Release Forms
10:22 State Regulations on Sworn Construction Statements Vary Too
11:20 Common Variables of Lien Waiver and Release Forms
12:46 Lien Waiver and Release Variables are important
16:24 New Generic Sworn Construction Statement and Lien Waiver and Release Forms
18:13 G901 - 2022, Conditional Waiver and Release on
18:54 G902 - 2022, Unconditional Waiver and Release
19:32 G903 - 2022, Conditional Waiver and Release on
20:14 G904 - 2022, Unconditional Waiver and Release
20:55 G907 - 2022, Sworn Construction Statement
For more information on these new forms and how to access them, see acdoperations.zendesk.com/hc/....
Other Industry Standard Contract Documents Resources:
aiacontracts.com/- for document instructions, summaries, commentaries, and FAQs
learn.aiacontracts.com/- for articles, training resources, and live and on-demand videos
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