Pay-if-paid clauses are conditional payment provisions commonly included in construction subcontracts. The intent of a pay-if-paid clause is to shift the risk of loss from the prime contractor to its ...
In the construction industry, every project depends on clear agreements, reliable performance, and trust between parties. Yet even with the most carefully drafted contract, disputes can and will arise ...
Understanding Construction Contract Insurance Requirements: How to Avoid Costly Gaps and Legal Risks
It is critical for contractors to understand the insurance requirements in construction contracts, as these projects carry very high levels of liability and risk. Construction involves moving ...
The U.S. Navy selected 10 contractors to compete for work under a $15-billion indefinite delivery/indefinite quantity multiple-award construction contract Sept. 10, and separately selected five firms ...
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