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Construction Contracts Contractors Virginia

Dunlap Bennett & Ludwig PLLC

DPOR Contractor Recovery Fund

In Virginia, any contract with a licensed residential contractor must include a statement notifying the homeowners of the existence of the “Virginia Contractor Transaction Recovery Fund”, including information on how to...more

Saul Ewing LLP

Virginia Invalidates "Pay-If-Paid" Clauses Starting January 1, 2023

Saul Ewing LLP on

During the 2022 legislative session, the Virginia General Assembly passed Senate Bill 550 (“SB 550”), which Virginia Governor Youngkin signed into law. SB 550 amends a portion of the Virginia Prompt Payment Act and a...more

Burr & Forman

Virginia Joins 11 Other States Prohibiting Pay-If-Paid Clauses in Construction Contracts

Burr & Forman on

Virginia has joined 11 other states that have expressly prohibited “pay if paid” clauses in construction contracts. If you have construction projects in Virginia, then read on. If you want know whether your state prohibits...more

Fox Rothschild LLP

New Virginia Law Attempts to Prohibit Pay-When-Paid Clauses in Construction Contracts

Fox Rothschild LLP on

Virginia has joined a small group of states that prohibit the inclusion of pay-when-paid clauses in private and public construction contracts. There are, however, some important ambiguities in the new legislation. ...more

Woods Rogers

Virginia’s New Construction Payment Terms (Part 2)

Woods Rogers on

This article is a continuation of Monday’s article, and we will be discussing in detail the new payment terms for all construction contracts in Virginia....more

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