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Prompt Payment

noun

Prompt payment laws require that payment on construction projects be made within a certain, designated period of time.

Prompt payment laws can be found on both a federal and a state/local level. These laws require payment on construction project to be made within a certain time frame. Depending on the state, these laws could apply to public project, private projects, or both.

Also seen as

  • PP laws
  • PPA
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Construction attorneys: Courtney Stricklen, Christopher Ng, Andrea Goldman, and Peter Ryan