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Construction
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November 3, 2011
Time to pay attention to pay-if-paid clauses
By SETH E. MILLSTEIN
Pillar Law
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.
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