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

Best Practices Construction Law

If you have Googled, “ Virginia Pay If Paid ” or “ Virginia Pay When Paid ” or “ Pay if Paid Enforceable ” or “ best construction lawyer ever “, then you likely have found your way here (that last one is mere puffery ). If you have construction projects in Virginia, then read on. What’s the difference? 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

As you may be aware, one of the greatest risks on a construction project involves the payment process. Turner Construction Company , the U.S. The work involved the construction of the Granby Tower Project in Norfolk, Virginia. The owner ultimately lost its construction financing on the project and abandoned the development.

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State by State Incentives Guide

Buisness Facilities Contributed Content

It allows for the construction of roads, bridges, etc. CAPCO financing, an alternative to conventional bank financing, can accommodate a slightly higher risk profile and provide a more flexible structure for growing businesses. architectural and engineering, interest incurred during construction, etc.).

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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. SALES & USE TAX ABATEMENTS: Taxes on construction-related transactions, pollution control devices are exempt from sales and use taxes.

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