Aaron S. Brotman | Cole Schotz Over the last few years, Virginia has enacted legislation designed to shift risk and cost from subcontractors to prime contractors on public and private contracts. 2023 will see the end of contingent payment clauses, adding to prime contractors’ responsibility to ensure payment to subcontractors’ employees. Pay-if-Paid Not Long for… Continue reading Virginia Puts More Liability on General Contractors
Month: January 2023
Florida Permits Pay-if-Paid Provisions, if you Say the Magic Words
Aaron S. Brotman | Cole Schotz A “Pay-if-Paid” provision, to a much greater degree than the related “Pay-when-Paid” provision, is an often-controversial contingent payment clause that makes payment to a downstream contractor or supplier expressly contingent on receipt of payment by the higher tier entity. For example, a subcontractor subject to a pay-if-paid clause is… Continue reading Florida Permits Pay-if-Paid Provisions, if you Say the Magic Words