Manage Unconditional Lien Waivers in Minutes
We’re introducing the Unconditional Lien Waiver Vault! 🎉 This feature allows general contractors and subcontractors to exchange unconditional lien waivers seamlessly and securely.
▶️ Learn more at our blog: https://bit.ly/UnconditionalBlogFT
In the industry’s current process, unconditional lien waivers are effective as soon as they are signed, and indicates that the contractor is acknowledging they were paid. Currently, unconditional lien waivers are collected and sent back and forth via email, which is not very secure for such a sensitive document. Additionally, it can be a pain to collect unconditional documents that are actually correct when they are needed.
So, what is the “Unconditional Lien Waiver Vault”?
⚡ The unconditional lien waiver vault:
⚡ Provides a seamless and secure interface to exchange payments & unconditional lien waivers
⚡ Subcontractors can sign their unconditional lien waivers, and the waiver will not be released until the subcontractor has received payment- either by both parties confirming in FlashPrime, or when the general contractor pays the subcontractor directly in Flashtract through ACH.
⚡ All unconditional lien waivers are collected, generated and managed within the app- no more digging through emails.
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