Construction Contracts

Understanding Retainage, Pay-if-Paid, and Pay-when-Paid in South Dakota: Enforceability and Timing

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Understanding Retainage, Pay-if-Paid, and Pay-when-Paid in South Dakota: Enforceability and Timing

Introduction to Retainage, Pay-if-Paid, and Pay-when-Paid Understanding the concepts of retainage, pay-if-paid, and pay-when-paid is crucial for anyone involved in construction contracts in South Dakota. These terms play a significant role in cash flow management and contractor relationships, particularly when it comes to funding for various projects. Retainage refers to a percentage of the payment … Read more

Understanding Retainage, Pay-if-Paid, and Pay-when-Paid Clauses in Ohio: Enforceability, Timing, and More

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Understanding Retainage, Pay-if-Paid, and Pay-when-Paid Clauses in Ohio: Enforceability, Timing, and More

Introduction to Retainage, Pay-if-Paid, and Pay-when-Paid In the realm of construction contracts, particularly in Ohio, certain terms play a critical role in defining payment structures between parties involved in a project. Among these terms are retainage, pay-if-paid, and pay-when-paid clauses. Understanding these concepts is essential for both contractors and subcontractors to navigate their financial agreements … Read more

AIA/Consensus Forms vs. State-Promulgated Contracts in Oklahoma: Understanding Risk Allocation

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AIA/Consensus Forms vs. State-Promulgated Contracts in Oklahoma: Understanding Risk Allocation

Introduction to AIA/Consensus Forms and State-Promulgated Contracts The AIA (American Institute of Architects) Consensus Forms are standard contract documents widely used throughout the United States, including Oklahoma, in the field of construction. Developed by the AIA, these forms are designed to provide a comprehensive framework for various project delivery types, offering clarity and consistency in … Read more

AIA/Consensus Forms vs. State-Promulgated Contracts in Indiana: A Comprehensive Risk Allocation Analysis

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AIA/Consensus Forms vs. State-Promulgated Contracts in Indiana: A Comprehensive Risk Allocation Analysis

Introduction to AIA/Consensus Forms and State-Promulgated Contracts In the realm of construction contracts, the choice between AIA (American Institute of Architects) consensus forms and state-promulgated contracts in Indiana is significant. AIA consensus forms are standardized contract documents that have been developed by the AIA to facilitate the construction process. These forms are crafted with the … Read more