Impact of ‘back to back’ payment clause on the cash flow of subcontractor in the UAE
Any default by the employer, by not paying on time or nonpaying at all, will adversely affect the parties down in the supply chain in construction project. The contractor tries to cope with such problem by limiting his liability via terms in the contract, such as back-to-back payment terms, with his...
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2013
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| Online Access: | http://bspace.buid.ac.ae/handle/1234/507 |
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