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Beware of “Pay-When-Paid” clauses in your construction contract
FromThe Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections
Beware of “Pay-When-Paid” clauses in your construction contract
FromThe Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections
ratings:
Length:
10 minutes
Released:
Jan 26, 2023
Format:
Podcast episode
Description
When it comes to construction projects, payment is a critical aspect of the process. However, some contracts may include “Pay-When-Paid” provisions, which can cause delays in payment to subcontractors and suppliers. These clauses state that payment will only be made to the subcontractor or supplier when payment has been received by the general contractor from …
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The post Beware of “Pay-When-Paid” clauses in your construction contract appeared first on TheLienZone Podcast.
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The post Beware of “Pay-When-Paid” clauses in your construction contract appeared first on TheLienZone Podcast.
Released:
Jan 26, 2023
Format:
Podcast episode
Titles in the series (100)
What is a Notice of Contest of Lien?: An owner may occasionally benefit from shortening the time in which a lien holder may file suit to foreclose its lien. One way to accomplish this is to serve a Notice of Contest of Lien. - Specifically, the lien of any lien holder upon whom such notic... by The Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections