Subcontractor - Law Dictionary Search Results
Home Dictionary Name: subcontractorsubcontractor
subcontractor : one (as an individual or business) that contracts to perform part or all of the obligations of another's contract ...
general contractor
general contractor : a person or business entity that contracts to be in charge of a building project usually involving the use of subcontractors called also original contractor prime prime contractor ...
lien waiver
lien waiver A document that releases a consumer (homeowner) from any further obligation for payment of a debt once it has been paid in full. Lien waivers typically are used by homeowners who hire a contractor to provide work and materials to prevent any subcontractors or suppliers of materials from filing a lien against the homeowner for nonpayment. Source: U.S. Department of Housing and Urban Development ...
retainage
retainage : a percentage of a contract price retained from a contractor as assurance that subcontractors will be paid and that the job will be completed ...
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