We are about to complete a $250,000 mechanical system for a bridge. I am sub to a sub. My client tells me they will not be paid anytime soon and are in litigation with the GC. Neither my client or I am at fault on anything with this project. The GC is a mess and dragging everyone with them. Terms on my contract are 20% after drawing approval (which was paid years ago) and 80% net 30 days after delivery. Final testing is at my factory next week and i do not want to deliver product after that until I am paid or assured payment by escrow (or something like that). WHat shall I do?
That depends on the form of the contract, and whether under these circumstances you can demand further assurances of payment.