Construction Success Story – Plumber learns tough lesson on payment terms

Description

Abstract: This issue’s “Construction Success Story” examines the case of a plumbing contractor who had always relied on a simple boilerplate contract, rather than on a ream of densely worded legal documents. This worked fine until he began working with a large national developer specializing in complex commercial projects. Following the owner’s bankruptcy, the contractor found that the term “paid if paid” was an invitation to a legal battle.