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Virginia Joins 11 Other States Prohibiting Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

In these tight times, you can understand how important payment provisions are to the parties’ transaction, particularly where costs are escalating and projects may stall mid-performance due to financing issues or owner-default. Does my state prohibit pay-if-paid clauses? North Carolina. South Carolina.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses in Construction Contracts

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. The owner ultimately lost its construction financing on the project and abandoned the development. In Universal Concrete Products Corp.

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Nevada Stops Subsidizing Net Metering

Green Building Law Update

In the final days of 2015, Nevada became the front line in the looming nationwide fight over energy policy when the Public Utilities Commission of Nevada altered rates for net metering impacting homeowners with rooftop photovoltaic panels. And Nevada is not alone, Hawaii cut its net metering rate by half in October.

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Contractor License Bonds: Everything You Need to Know

Levelset

A contractor bond is a three-party agreement. A few examples of obligees include the California Contractors State License Board, the Nevada State Contractors Board, and the Oregon Construction Contractors Board. In Nevada, contractors of all trades are required to hold a bond.

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The Real Lemon in the Bunch: Understanding Pay-If-Paid Clauses

Best Practices Construction Law

Contractors have a means of shifting the risk of non-payment by the owner to its subcontractor by including a certain payment provisions in the subcontract agreement. The owner ultimately lost its construction financing on the project and abandoned the development. In Universal Concrete Products Corp.

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Business Facilities’ 15th Annual Rankings: State Rankings Report

Business Facilities

Nevada and Alabama rounded out the top five in Economic Growth Potential, followed by Utah, Florida, Louisiana, Missouri and Mississippi. The Utility Account helps rural communities finance necessary infrastructure upgrades to attract future business.

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State by State Incentives Guide

Buisness Facilities Contributed Content

CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. Terms for both are normally 10-20 years and can finance up to 100% of the project costs. ALABAMA - updated for 2014. They are: The Renewal Program.

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