Florida already has prompt payment laws aimed to ensure timely payments on public and private projects. Additionally, there is also some potential criminal liability for the misapplication of construction funds....
Payment in the construction industry is notoriously slow. This is why most states have enacted prompt payment laws to protect contractors by providing statutory deadlines for payment and interest penalties...
Prompt payment laws have been enacted in nearly every state in the US. The purpose behind these regulations is to attempt to correct the inherent imbalance when it comes to...
Now that 2020 is finally behind us, it’s time to look towards 2021. For Florida contractors, that means tracking any potential changes to the law that may affect their businesses...
Pay-if-paid clauses can cause some serious problems when it comes time for subcontractors to get paid. So much so, that many states have prohibited their use as against public policy....
Tennessee passed new legislation in June 2020 which made some pretty serious changes to the state’s construction payment laws, affecting rules for notices, retainage, and prompt payment. Perhaps most importantly,...
Most states have some form of prompt payment requirements. These laws are meant to ensure that property owners and contractors pay for construction services in a timely fashion. Kansas has...
Late payments are a serious problem in the construction industry. That’s particularly true when it comes to retainage payments. Cash flow is light at the end of a project, once...
The legislature in Ohio is considering an amendment to their current Prompt Payment Act. The amendment would give property owners 35 days to pay prime/general contractors on private projects. The...
In June 2019, Canada finally joined nearly every other Western nation in embracing prompt payment for contractors on public projects. The federal law complements prompt payment laws already passed in...