PAY-WHEN-PAID CLAUSES – ARE THEY ENFORCEABLE BY PAYMENT BOND SURETIES?
Pay-when-paid clauses are common in subcontracts between general contractors and their subcontractors and suppliers. These provisions are routinely used by general contractors as a basis for withholding and/or delaying payment. This one-hour seminar will focus on the enforceability of pay-when-paid provisions by general contractors and their payment bond sureties.
Speakers: John W. Morris and Michael R. Morano of McElroy, Deutsch, Mulvaney & Carpenter, LLP
CLE Credits Pending