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

Best Practices Construction Law

North Carolina. South Carolina. 1997), which held that “pay if paid” clauses are unenforceable because it essentially forces a subcontractor to waive or forfeit his constitutionally protected mechanics lien rights if the owner fails to pay the general contractor. You can now add Virginia to that list!

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Bring Construction Billing into Focus

Construction Business Owner

Clear visibility over invoices, lien waivers & payments inspires seamless money management & accelerated job timelines. The clean and intuitive dashboard offers a bird’s-eye view over each invoice, compliance document, lien waiver and payment, which makes invoice tracking and management easy as a click of your mouse. Greg Ragsdale.

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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. SOUTH CAROLINA. In 2011, the new formula will be fully applicable.

Income 75
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State by State Incentives Guide

Buisness Facilities Contributed Content

A business is not eligible for the exemption if it has received a property tax exemption under tax increment financing; there is an outstanding recorded lien for delinquent property, income, sales or use taxes against the business; or the exemption fosters unfair competition or endangers existing business. SOUTH CAROLINA.

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