Question: What is the main difference between a pay - if - paid clause and a pay - whenpaid clause in a construction contract? A pay
What is the main difference between a "payifpaid" clause and a "paywhenpaid" clause in a construction contract?
A "payifpaid" clause requires payment only if the contractor receives payment from the owner, while a "paywhenpaid" clause requires payment within a certain time frame.
A "payifpaid" clause requires payment regardless of whether the contractor receives payment from the owner, while a "paywhenpaid" clause requires payment within a certain time frame.
A "payifpaid" clause requires payment within a certain time frame, while a "paywhenpaid" clause requires payment only if the contractor receives payment from the owner.
A "payifpaid" clause and a "paywhenpaid" clause are the same thing.
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