Interest and Pay when Paid

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Current Builders of Florida, Inc. v. Travelers Casualty and Surety Company of America, et. al,, 38 Fla. L. Weekly D31a, Case No. 3D11-2570, opinion filed December 19, 2012. Trial court's assessment of prejudgment interest in favor of owner/developer from completion of subcontractor's work was reversed and remanded for a recalculation based on date owner paid contractor due to subcontract provision that contractor would "pay when paid" (and contractor was paid by transfer of real estate by owner/developer). (from RPPTL Subcommittee).

Trenton H. Cotney
Florida Bar Certified Construction Lawyer
Trent Cotney, P.A.
1211 N Franklin St
Tampa, FL 33602

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