contractor – READY LEGAL

Summary – Florida Statute 713.06

Required Notices Proper Payments Final Payment Proration Method DISCLAIMER: The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only.

Risks of Pay-if-Paid Terms for Florida Subcontractors

Subcontractors often find themselves navigating risky terms in construction contracts. Among the myriad clauses that can affect their bottom line, “Pay-if-Paid” provisions stand out as particularly risky. These provisions essentially allow the general contractor (GC) to shift the burden of payment uncertainty onto subcontractors, conditioning payment on the GC’s receiving payment from the property owner.Continue reading “Risks of Pay-if-Paid Terms for Florida Subcontractors”