Pay-If-Paid – A settlement stipulation that conditions repayment to subcontractors and vendors. This if correctly worded, enables non-payment if the basic contractor is not paid by the proprietor.
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Pay-If-Paid – A settlement stipulation that conditions repayment to subcontractors and vendors. This if correctly worded, enables non-payment if the basic contractor is not paid by the proprietor.
« Back to Glossary Index