Apply Lien Waiver Payment Holds at the Draw Level
General Contractors can now more efficiently manage lien waiver payment holds on the Oracle Textura Payment Management (TPM) solution with this month's enhancements to lien waiver tracking. Users reviewing lien waivers on the Manage Lien Waivers screen no longer need to navigate away from the screen to apply a hold. Choose the new Apply Holds button to place lien waiver payment holds on all non-compliant organizations based on the hold settings chosen on the Project Settings screen.
Lien waiver holds occur at the draw level. Holds placed on current or future draws do not prevent disbursements of funds for prior draws. When lien waiver compliance is fulfilled the lien waiver status is updated, the system automatically removes the hold from the organization.
Highlights
- Apply lien waiver holds at the draw level.
- Control lien waiver payment holds from the Manage Lien Waivers screen.
- Focus on non-compliant lien waivers; the system automatically releases lien waiver payment holds when compliance is met and status is updated.
- Use the View Lien Waiver Status screen as a read-only table of lien waiver status.
Note: General Contractors cannot apply lien waiver payment holds from this screen.
Last Published Wednesday, August 7, 2024