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Top 10 Killer Construction Contract Clauses, Part 2: Pay-If-Paid and Pay-When-Paid | PilieroMazza, Law Firm, Government Contracts Attorney
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Top 10 Killer Construction Contract Clauses, Part 2: Pay-If-Paid and Pay-When-Paid | PilieroMazza, Law Firm, Government Contracts Attorney
In the world of construction, it is essential for both prime contractors and lower-tier subcontractors to carefully manage financial risk when negotiating subcontract agreements. While a party’s ability to distinguish and understand pay-if-paid and pay-when-paid clauses—a critical first step in identifying financial risk—the analysis should not stop there. To protect the rights of both the prime contractor and subcontractor, proper management of…
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