Pay-If-Paid vs. Pay-When-Paid – Know the Local Law!
“Pay-if-paid” and “pay-when-paid” clauses are commonly found in construction contracts. Their potential benefit – at least to the upstream contractor – is obvious: if the clause is interpreted literally, risk of non-payment from an owner or general contractor is pushed downstream. In other words, the contractor is under no obligation to pay his subcontractors unless… Read more
Elmore Goldsmith Expands Service With Construction Blog
By Frank Elmore on April 19, 2016 |
At Elmore Goldsmith, PA, we view the challenges in today’s construction environment as an opportunity for our clients. That’s because we recognize that success lies in managing risk – not avoiding it. Our attorneys regularly assist clients with in-house training, contract drafting/negotiating, and other proactive services. We assist in preparing claims with the goal of… Read more