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

Best Practices Construction Law

The work involved the construction of the Granby Tower Project in Norfolk, Virginia. However, in Virginia, these types of clauses are enforceable so long as they are clear and unambiguous.). Again, it should be noted that some states limit the enforceability of these clauses by either statute or case law. However, in Thomas J.

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Contracts: What to Look Out for

Help Everybody Everyday

Should any questions arise during contract negotiations, consult with an attorney knowledgeable in construction law to assure that your rights are protected. Chris Hill is a lawyer at the Richmond, VA firm, DurretteBradshaw, PLC, and member of Virginia’s Legal Elite in Construction Law.

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State by State Incentives Guide

Buisness Facilities Contributed Content

The terms are negotiated specific to each firm’s individual needs and situation with a maximum limit of 3% of Capital Expenditures. High Impact Performance Incentive: A negotiated grant used to attract and grow major high impact facilities in Florida. For more information visit [link] or contact Bernice Whaley , Deputy Director.

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STATE INCENTIVES GUIDE

Buisness Facilities Contributed Content

The private sector participant finances 50 percent of the project cost and takes a first lien on assets pledged as collateral. The SBA takes a second lien on assets and finances up to 40 percent of the project cost, up to $1 million in some cases. Borrowers inject 10 percent in the form of cash or equity in real estate.

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