Results for tag: "Pay When Paid"

The Pay When Paid market is a subset of Construction Law that deals with the payment of subcontractors and suppliers. It is a contractual agreement between a contractor and a subcontractor or supplier, whereby the contractor agrees to pay the subcontractor or supplier only after the contractor has been paid by the owner. This agreement is often used to protect the contractor from non-payment by the owner. The Pay When Paid market is an important part of the construction industry, as it helps to ensure that subcontractors and suppliers are paid for their work. It also helps to protect contractors from financial losses due to non-payment by the owner. Some companies in the Pay When Paid market include Surety Bonding Company, Construction Payment Solutions, and Construction Payment Solutions. Show Less Read more