Robert Symon

Robert Symon

Bradley Arant Boult Cummings LLP

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Virginia Is for Lovers… of Strict Contract Language: New Law Prohibits Pay-if-Paid Clauses in Construction Contracts

Virginia has joined the growing number of states that prohibit “pay-if-paid” clauses. The new law, known as Virginia Senate Bill 550, amends Virginia’s Prompt Payment Act (Va. Code § 2.2-4354) and its relatively new (July 1,...more

6/13/2022  /  Construction Contracts , Construction Industry , Contract Terms , General Contractors , New Legislation , Pay if Paid , State and Local Government , Subcontractors , Virginia
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