Pay-If-Paid Versus Pay-When-Paid: What’s The Difference Anyway?
It is critical for subcontractors to scrutinize their subcontracts – specifically the payment clause. Some clauses require payment by the owner to the general contractor before the general contractor is legally required to pay the subcontractor. These are commonly referred to as “Pay-If-Paid” or “Pay-When-Paid” clauses. However, knowing what type of clause is in your …
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