Final answer:
If a subcontractor refuses to furnish a release or waiver required by the owner, the contractor may withhold payment, terminate the contract, or seek arbitration.
Step-by-step explanation:
If a subcontractor refuses to furnish a release or waiver required by the owner, the contractor may withhold payment, terminate the contract, or seek arbitration. Withholding payment means that the contractor will not pay the subcontractor until they provide the necessary release or waiver. Terminating the contract means that the contractor will end their agreement with the subcontractor due to their refusal. Seeking arbitration involves bringing in a neutral third party to help resolve the dispute.