Understanding Pay-When-Paid vs. Pay-If-Paid Clauses in Connecticut Construction Contracts
Overview of Payment Clauses In the construction industry, contracts often include specific payment clauses that dictate the terms under which contractors and subcontractors are compensated for their work. Among these clauses, ‘pay-when-paid’ and ‘pay-if-paid’ are two notable provisions that have distinct implications for financial transactions. Understanding these terms is essential for all parties involved, as … Read more