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A clause in a construction contract that makes payment to the contractor conditioned up another factor other than performing their scope of work such as payment from the Project Owner to the General Contractor. Contigent Payment Clauses often use language such as “Pay-if-Paid” or “Pay-When-Paid”. The legality of Contigent Payment Clauses varies by state.

Vice President at Axcess Surety
Vice President of Axcess Surety. Surety Bond and financial expert dedicated to helping businesses and individuals understand and obtain surety credit.
Josh Carson
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