This guide breaks down contingent payment provisions, commonly known as pay-when-paid or pay-if-paid clauses, on a state-by-state basis.
Understanding contingent payment provisions is key, because they are found in almost every construction contract across the United States.
Download this guide to learn:
- How “Pay when Paid” and “Pay if Paid” clauses impact your ability to get paid
- What contingent payment provisions are in the context of construction project payment
- Why the financial risk has shifted back and forth between general contractors and subcontractors/suppliers
- The general rules and differences between Pay if Paid and Pay When Paid clauses
- How “Pay when Paid” clauses work in your state
- How “Pay If Paid” clauses work in your states