Lien Waiver Management

To receive payment on the Oracle Textura Payment Management (TPM) application, you need to first submit an unconditional lien waiver to your General Contractor. The application strips your signature from the document and securely holds it until the General Contractor disburses funds to your bank account. By signing a lien waiver upfront, TPM helps ensure you receive payment more promptly than you would via traditional means. If you do not sign a lien waiver, TPM will place a hold on your payment until you sign and submit it.

As a Subcontractor, you may contract suppliers or Sub-Tier organizations to provide goods or work for you during a draw. When you have one or more suppliers or Sub-Tiers, you take on the role of a Prime Subcontractor in TPM.

When General Contractors track the submission and compliance of Sub-Tier organizations, you will also need to include your Sub-Tier's lien waiver documents when completing a draw period. When Sub-Tier lien waivers are missing, your organization will fall out of compliance and become ineligible for payment.

You can track and manage the lien waivers of all your Sub-Tier organizations for one draw from the Manage Lien Waivers page. To change your focus to a single organization's lien waiver compliance over several draws, use the Manage Lien Waivers by Draws page. Generally, you will upload the lien waiver document for your Sub-Tiers, but if you added a Lien Waiver Only Sub-Tier (LW Sub), you can instead choose to request for the LW Sub to electronically sign the lien waiver with Textura.

High-Level Overview

  1. The General Contractor invites your organization to a draw period.
  2. Add a Sub-Tier organization.

    When you include a Sub-Tier organization, you can add them to the draw during the billing cycle. The type of organization working for you determines how the application tracks their billing statements. See the Sub-Tier Organization Types for Subcontractors topic for information on the three different Sub-Tier organization designations recognized by TPM and how each interacts with the application.

  3. Enter your billing details.

    As a part of Your Billing Workflow, you can account for work completed during the billing period or materials consumed. You can also request a payment of retention held at this time. The exact information you can enter for each draw depends upon project and document settings.

  4. Optional. Record payment to Sub-Tiers working on your project as a part of your billing workflow.

    Note: The Record Sub-Tiers tab only displays as a part of your billing workflow if a project document requires Sub-Tier tracking. This most often occurs when the General Contractor includes a sworn statement as a part of your billing document, but some unconditional lien waiver templates may also trigger this workflow step.

  5. Sign and submit the invoice for approval.
  6. Review lien waivers on either the Manage Lien Waivers or Manage Lien Waivers by Draw page.
    1. Optional. Upload a lien waiver document for your manual or LW Subs.
    2. Optional. Request a lien waiver from an LW Sub.
  7. Update your Sub-Tier's lien waiver status.

    Notes:

    • If you upload a manual PDF for a Sub-Tier's lien waiver, you can update the LW status immediately.
    • If you request the lien waiver from an LW Sub, you cannot update the lien waiver's status until after the Sub-Tier has signed it.
  8. The General Contractor reviews the lien waivers submitted for your Sub-Tiers and approves or rejects them.
  9. After all lien waivers are approved, the General Contractor will disburse project funds.

FAQs

Related Topics

Sub-Tier Organization Types for Subcontractors

Manage Lien Waivers for Subcontractors

Manage Lien Waivers By Draw for Subcontractors

View Lien Waiver Status for Subcontractors

Additional Information


Last Published Wednesday, September 4, 2024