Be the first to like this
Accompanying Webinar: http://hub.zlien.com/pay-if-paid-clauses
Contingent payment provisions have plagued subcontractors and suppliers for over 5 decades. These provisions, commonly referred to as "pay when paid" or "pay if paid" clauses, come in many different formats. One thing is consistent, though: They complicate and delay the payment process.
So, how does your company deal with them? Does your company even truly understand them?
These provisions are more complicated than they may first seem. This presentation traces the history of these provisions, and guides general contractors, subcontractors, suppliers, and others, on how they should approach these clauses to best position their company for success.