Labor Burden – the % applied to all labor (.L) expense types.
Lag Time – on a project schedule, the extra time added to activities intended completion date.
Lien Release – inside Paskr, lien releases can be set to be manually or electronically signed. A Conditional Lien Waiver is used when the claimant is required to sign a waiver and release in exchange for, or in order to, induce a progress payment, and the claimant has not yet been paid. This form is useful when the claimant is not yet paid, but will be paid out of a progress payment that is not the final payment. An Unconditional Lien Waiver issued when the claimant is required to sign a waiver and release in exchange for, or in order to, induce a progress payment, and the claimant asserts in the waiver that he or she has received the progress payment. Paskr’s Progress Payment Lien Waiver is both Conditional and Unconditional. The Final Waiver and Release of Lien is both Conditional and Unconditional.