Jackson S. Nichols and Nicholas Morello | Cohen Seglias Pallas Greenhall & Furman In construction subcontracts, contingent payment provisions like “pay-if-paid” and “pay-when-paid” clauses are being banned in an increasing number of states. “Pay-if-paid” clauses state that a subcontractor will not be paid by the general contractor for their work unless the owner pays the… Continue reading The Shifting Tide Against Contingent Payment Provisions in Construction Subcontracts
Tag: Contingent Payment Provision
More Details about the VA Governor’s Changes to the Newly Enacted Ban on Contingent Payment Provisions
Jackson S. Nichols and Nicholas F. Morello | Construction Law Now Blog Last month we wrote about Virginia Senate Bill (SB) 550, which sought to amend VA ST §§ 2.2-4354 and 11-4.6 to prohibit the use of contingent payment provisions in public and private construction projects. Since then, SB 550 was formally enacted and signed into… Continue reading More Details about the VA Governor’s Changes to the Newly Enacted Ban on Contingent Payment Provisions
New Legislation Bans Contingent Payment Provisions in Virginia
Jackson S. Nichols and Nocholas F. Morello | Construction Law Now Blog The Virginia Legislature passed a bill that, if signed into law by Governor Youngkin, would amend VA ST §§ 2.2-4354 and 11-4.6 to prohibit the use of contingent payment provisions in public and private construction projects. It states that “[p]ayment by the party… Continue reading New Legislation Bans Contingent Payment Provisions in Virginia
Can a Contingent Payment Provision Affect a Construction Lien Claim in Washington?
Bart Reed | Stoel Rives LLP | April 24, 2018 During Seattle’s current construction boom, general contractors and subcontractors may be concentrating more on finalizing work on their projects than on worrying about the niceties of their construction contract documents. It is no less prudent now, however, for the parties to remain aware of their… Continue reading Can a Contingent Payment Provision Affect a Construction Lien Claim in Washington?