The payment term is the most important provision of any subcontract.  Subcontractors are not typically advanced money at the start of their work, requiring them to front the cost of construction based on the contractor’s contractual obligation to pay.  But, a subcontractor must insure the contractor’s payment obligation is not illusory.  Pay-if-paid and pay-when-paid provisions are frequently misunderstood. A pay-if-paid … Read More