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Contract addendum regarding property claims security, Aug 2002

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Addendum to a DEP contract dated August 27, 2002, requiring additional retainage for contractor performance and property claims.

NYC-WTC_000154073–000154076

Folder label: “WORLD TRADE CENTER - RESIDENTIAL APARTMENTS

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NYC 9/11 Public Portal Document

In consideration of the mutual covenants and agreements contained in the Contract, the Contractor agrees as follows:

The Contractor agrees to look solely to DEP for payment of all sums due and owing to it for work performed hereunder, and the Contractor hereby waives and relinquishes any right to assert a mechanic’s lien or other lien against any real property where work is being performed hereunder to secure or collect payment of such sums, including any buildings or apartments where such work is being performed.

The Contractor agrees to insert a similar provision in any subcontract for labor, equipment, or materials entered into by the Contractor for purposes of performing work hereunder, requiring the subcontractor or supplier to look solely to the Contractor for payment of any sums due to the subcontractor or supplier, and to relinquish any right to assert a mechanic’s lien or other lien against any such real property to secure or collect payment of such sums.

AGREED TO AND ACCEPTED:

[Name of Contractor]

By_ Title:

Date:

addendum.wpd

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NYC-WTC_000154074

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NYC-WTC_000154074Source: NYC Law Department, mirrored locally

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