Industry Guide
Joint Check Agreements: The Payment Mechanism That Protects Suppliers When Subcontractor Risk Is Elevated
Joint check agreements make payment checks payable jointly to subcontractor and supplier, requiring both endorsements. They protect suppliers when subcontractor payment risk is elevated and enable subs to access supply when credit is limited. Understanding joint check mechanics, enforcement, and risk allocation helps GCs manage supplier-sub payment coordination.
Jordan Patel4 min read