Pay If Paid & Other Contingent Payment Provisions

Common Payment Provisions Cause Common and Avoidable Problems

This webinar will cover:

• Difference between pay when and pay if clauses
• Other contingent payment provisions
• Dangers of contingent payment clauses
• Use of lien rights to combat pay provisions
• Financial risk shifting history
• Court treatment of contingent payment provisions
• Trends with payment provisions

Financial risk shifting is nearly as old as the construction industry itself. Financial Risk Shifting is the act of moving a project's financial risk onto another contracting party...and one common way to do this is through contingent payment provisions.

Contingent payment provisions are commonly referred to as pay-if-paid and pay-when-paid clauses.

This webinar will explore the history of these provisions, and how they can impact your company's bottom line significantly...plus, we'll discuss how lien rights and other steps can help offset their negative effects.