Subcontracts typically contain either a pay-when-paid clause or a pay-if-paid (i.e., contingent payment) clause. A pay-when-paid clause only deals with the timing of the obligation to pay the ...
Construction contracts are exchanged so routinely that it’s common for contractors to just give the document a skim before laying down a signature. Even when a contractor examines a contract ...
Pay-if-paid clauses provide that a general contractor is not required to pay subcontractors unless and until it receives payment from the owner. The ConsensusDocs Standard Agreement 655 provides the ...
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