It’s a common standoff when there is a final payment and close-out for construction work. It occurs between owner and contractor as well as contractor and subcontractor. The payer doesn’t want to pay until it has received a waiver and release. The payee doesn’t want to waive its rights until it has received payment. There must be ways to handle this situation without a face-to-face “closing.” In some states, the mechanic’s lien statutes expressly address the issue. Read more.