Pay-if-Paid – A payment condition that conditions repayment to subcontractors and also vendors. This if appropriately worded, enables non-payment if the basic specialist is not paid by the owner.
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Pay-if-Paid – A payment condition that conditions repayment to subcontractors and also vendors. This if appropriately worded, enables non-payment if the basic specialist is not paid by the owner.
« Back to Glossary Index