What Is Joint Check Agreement

20 Dec

As there is no standard joint check-check, you should check the language as part of the specific joint audit agreement to see what rules apply to your situation. Yes, we know how boring and complex it is. The first thing you want to do is check the terms of your joint verification agreement. Make sure that an infringement has actually occurred (duh!), but also check the conditions to determine if there are defined procedures for the application of your agreements. The general contractor, subcontractor and equipment supplier will enter into a “joint check-check” that will require the general contractor to adopt an audit to jointly pay to the subcontractor and equipment supplier. The general contractor and the subcontractor comply in the hope that joint control will ensure payment for the equipment supplier, as the joint review must be approved by both parties. A joint review alone is not enough to build constructive confidence in the subcontractor. The “common control rule” means that the equipment supplier who confirms and files the joint review, when a general owner or contractor makes a joint cheque to a subcontractor and the supplier of equipment attesting to the joint review that all amounts earned up to the date of joint inspection have been paid to the subcontractor. If you feel that your joint cheque agreement requires the paying party to pay you, if in reality it only gives permission to the paying party, you may have a very difficult time to be paid if the paying party does not make a joint cheque. The general contractor challenged the signing of a JCA.

They insist on making common checks to us if the supplier moves forward (what we are our company, the subcontractor). Please specify if we need a certain type or way for the GC for each billing or once… In the absence of a single joint audit agreement, these agreements are subject to the contractual will of the parties. As a result, there are differences between an agreement and an agreement. A big difference between agreements is that some require the paid party to write a joint cheque and others simply give permission. If you have any questions about the application of a joint control agreement, contact the lawyers at National Lien -Bond. You have flogged a large number of agreements and you will be able to quickly assess the situation and provide you with the help you need.

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