View

What is Pay-if-Paid Clause?

A Pay-if-Paid clause is a contractual provision commonly used in construction contracts that shifts the risk of non-payment from the contractor to the subcontractor. In essence, this clause stipulates that the subcontractor will only be paid if the contractor is paid by the owner for the work performed. If the contractor is not paid for any reason, such as insolvency or dispute with the owner, the subcontractor may not receive payment for their services, even if they have completed the work satisfactorily. This clause essentially transfers the financial risk of non-payment from the contractor to the subcontractor, making it a potentially risky proposition for subcontractors.The Pay-if-Paid clause is often a point of contention in construction contracts, as subcontractors may view it

Suffering from credit card
receipt chaos?

Give your accounting team an easier way to collect accounts payable data from project managers and field teams.
expense management

Connect any credit card

Connect any credit card to our platform and collect receipts via our modern mobile app, sync with your ERP instantly and close your books faster.
ERP integrations

Industry ERP integrations

Integrates seamlessly with Viewpoint Spectrum, Viewpoint Vista, Foundation Software, Sage, Acumatica, Quickbooks, CMIC and many more.
Automation

Automate project coding

Create custom AI-Powered automation rules to put your project accounting on auto-pilot.  
controls

Eliminate coding errors

Create custom enterprise-grade controls to eliminate data entry errors from the field.
Approvals

Approvals by project

Setup robust approval workflows by project manager, team manager or value amounts.
ai-Powered

AI-Powered automations

Auto-match receipts directly to credit card transactions for complete automation.
Mobile receipt scanning for receipts
Case Studies

Customer Stories

All Case Studies
All Case Studies

"Month-end expense management time cut from 7–10 days to under 2 days."

Antony Martignetti

VP of Finance
Pacific Tech

"What was previously a full-time reconciliation role now takes about an hour per day."

Taylor Ricard

Controller
Moss Utilities

"Reduced time spent on Invoice entry by over 50%."

Roger Helwig

CFO & Owner
Victory Woodworks
CTA Succes Clicker
Get Started

Goodbye project accounting chaos

Book Demo
Book Demo