Welcome, sign in or click here to subscribe.
Login: Password:
     


 

 

 

  Construction

Construction Industry Spotlight logo

Subscriber content preview

November 3, 2011

Time to pay attention to pay-if-paid clauses

  • Subcontractors should watch the wording of their contracts in case general contractors encounter payment issues from owners.
  • By SETH E. MILLSTEIN
    Pillar Law

    In today's economic climate, most subcontractors are excited just to submit a bid for a large job. General contractors are being pressured as well, as the volume of large jobs has decreased and the number of bidders increased.

    As a result, owners have significant leverage in negotiating contract terms and prices. And, when a general is awarded the project, the general has significant leverage with subcontractors.


     
    . . .


    To read this story in full login or purchase a subscription.



    Previous columns:





        SolicitBid is now free for public agencies.

    --