Abstract: A panel clip is disclosed for aligning precast Terrazzo panels to eliminate “lippage.” The clip comprises a rigid top portion screwed to an adjustable bottom portion, and adjacent panels are fixed therebetween. The rigid top portion fixes the top surfaces of the panels in the same plane, while the adjustable bottom portion automatically conforms to the bottom surfaces of the panels, even where the panels are of differing thicknesses. The bottom portion can be of a unitary flexible plastic design, of a pivoting multi-piece design, or of a thin deformable metal design. One or both of the portions can have a neck region for providing a desired offset between adjacent panels. Once an underlying setting compound has cured, the top portion can be removed, leaving the bottom portion in place to be grouted over. A method of use is also disclosed, as is a kit.