Michael L. Feinstein Blog Understanding "Pay-If-Paid" and "Pay-When-Paid" Construction Contracts

When are contractors required to pay their subcontractors? While this sounds like a simple question, determining the answer in any particular case can present unexpected challenges, and the timing of contractors' payment obligations is a frequent issue in construction contract litigation. "Pay-If-Paid" vs. "Pay-When-Paid" In many cases, the issue arises out of the parties' disagreement...