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

Best Practices Construction Law

The owner ultimately lost its construction financing on the project and abandoned the development. For example, in the Universal Concrete Products case, the 4th Circuit reasoned that Virginia courts favor the freedom to contract and that parties are freely able to negotiate and draft these types of provisions. However, in Thomas J.

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

Best Practices Construction Law

The owner ultimately lost its construction financing on the project and abandoned the development. For example, in the Universal Concrete Products case, the 4th Circuit reasoned that Virginia courts favor the freedom to contract and that parties are freely able to negotiate and draft these types of provisions. However, in Thomas J.

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Cover Story: New Energy Powers Growth

Buisness Facilities Contributed Content

Minnesota also is in the process of negotiating contracts with grantees for its NextGen Energy program. The project is self-financed by Solaro Energy President and CEO Dennis Grubb. The state’s solar financing model relies on one of the most aggressive Renewable Portfolio Standards (RPS) in the country.

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GRESB Purchased from GBCI in advance of ESG Breakout

Green Building Law Update

The price of the acquisition from GBCI was not announced, but was significant and financed by Summit Partners that has invested in more than 500 companies in technology, healthcare and other growth industries.