Interest and Pay when Paid
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 www.trentcotney.com