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Some contractors appoint subcontractors to work under a "pay when paid" clause, sometimes called a "pay if paid" clause, where the general contractor will work with subcontractors and the subcontractors are only paid if and when the general contractor is paid for the work. [6] An example clause from a construction context reads:
Logo of the American Subcontractors Association. Founded in 1966, the American Subcontractors Association, Inc., is an IRS section 501(c)(6) non-profit, national, membership trade association of construction specialty trade contractors, suppliers, and service providers in the United States and Canada.
The Top 100 Contractors Report on the Federal Procurement Data System lists the top 100 defense contractors by sales to the United States Armed Forces and Department of Defense.
Construction contracting businesses often have higher barriers to overcome when starting out. From licensing requirements to marketing strategies, here are some tips to help you get started.
If your small business idea requires hiring employees or subcontractors, you’ll have the chance to build your team and create jobs to help the economy and the individuals you hire.
The main challenges it faces: Next up: Constrafor must try to convince subcontractors to subscribe and pay for its software, too. Gauch added that Constrafor's contractor clients can face cash ...
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