Document background
The Unconditional Waiver And Release On Progress Payment is a fundamental document in Saudi Arabian construction projects, used when a contractor or subcontractor receives a progress payment and needs to provide assurance that they waive any claims related to that payment. This document is particularly important in the Saudi construction sector, where it helps maintain clear payment records and prevents double-claiming. It typically includes details of the payment received, the scope of work covered, and the extent of the waiver. The document must comply with Saudi law, including both civil code requirements and Sharia principles. It's commonly used in both public and private construction projects, particularly in situations where multiple payment milestones exist throughout the project lifecycle. The unconditional nature of the waiver means it takes effect immediately upon execution, unlike conditional waivers that might depend on payment clearance.
