Is you or your customer's payment being held up because of a "contingent payment provision," commonly referred to as pay when paid or pay if paid clauses?
These provisions are widly popular in the construction industry, but did you know that they rarely mean what you think or what you're told they mean?
These provisions are subject to strict legal interpreation, and very frequently, the provisions are declared invalid or less expansive than they appear.
This guide contains an introduction to financial risk shifting and contingent payment provisions in the construction industry, as well as a 50 state guide (in chart format) that breaks down how each state interprets Pay If Paid and Pay When Paid clauses.
Download this guide to learn: