Decoding ‘Pay-When-Paid’: Navigating Contractual Pitfalls in Construction
In this episode of TheLienZone Podcast, Alex Barthet navigates the intricate maze of “Pay-When-Paid” clauses found in construction contracts. Uncover the ripple effects these stipulations can create, often resulting in prolonged payment timelines, economic pressures on subcontractors and suppliers, and the potential escalation to legal battles.
Highlights include:
- Demystifying the nuances of “Pay-When-Paid” clauses and their repercussions on payment schedules.
- Unraveling the cascading consequences of these clauses, leading to financial tensions and project setbacks.
- Strategies and insights to safeguard your interests amidst these contractual conditions.
Equip yourself with knowledge to circumvent pitfalls linked to these pivotal contract elements.
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