[Code of Federal Regulations]

[Title 48, Volume 5]

[Revised as of October 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 48CFR871.106]



[Page 261]

 

            TITLE 48--FEDERAL ACQUISITION REGULATIONS SYSTEM

 

                CHAPTER 8--DEPARTMENT OF VETERANS AFFAIRS

 

PART 871_LOAN GUARANTY AND VOCATIONAL REHABILITATION AND COUNSELING 

PROGRAMS--Table of Contents

 

                   Subpart 871.1_Loan Guaranty Program

 

Sec. 871.106  Lien waivers.



    (a) Contracts in the amount of $2,500 or more will contain a 

requirement that the contractor will sign a formal release in full or a 

lien waiver before payment may be made. The release or waiver will 

accompany the contractor's invoice.

    (b) Contractors will be required to notify the Director, Regional 

Office, of any subcontractors for services or materials in excess of 

$2,500. Such subcontractors will be required to sign the release or 

waiver jointly with the prime contractor or to execute release or waiver 

in the subcontractor's own name.

    (c) Prior to any authorized partial payment the contractor will be 

required to execute a release or waiver.

    (d) Due to the variations of local law, no standard release or 

waiver is prescribed. Each release or waiver will be prepared in 

accordance with local law and will be in form acceptable by the District 

Counsel.



[49FR 12641, Mar. 29, 1984, as amended at 61 FR 20494, May 7, 1996]