Prompt Payment

Nearly every state has enacted their own version of a prompt payment act. These are meant to ensure that contractors and subs get paid on construction projects in a timely...

Slow payment in the construction industry is a cold, harsh reality. In fact, less than 10% of contractors are actually paid on time by their customers. This number could be...

The Texas Prompt Payment Act was enacted to ensure that subs and suppliers are paid in a timely fashion. It's not only important to know your rights to payment, but...

Cash flow is an important aspect of a contractor’s financial evaluations and forecasts.[1] An owner’s failure to pay timely can break a contractor. Florida law provides contractors with a statutory...

Pennsylvania contractors, subcontractors, and even property owners should take note - HB 566 comes into effect today. HB 566 made changes to the Pennsylvania Contractors and Subcontractors Payment Act (also...

The California prompt payment act dictates the timelines for making payments on public and private construction projects. If payments aren't made on time, interest penalties will come into play. Essential...

The New Jersey Prompt Payment Act helps create timelines for payments in the state's construction industry. If payments are made late, interest penalties begin to accrue.

The Arizona Prompt Pay Act is one of many tools available to help the construction industry speed up their incoming project payments. Leveraging prompt payment laws can help convince payors...

In Pennsylvania, some interesting changes have been made regarding the right to suspend work for nonpayment and the right to withhold payments. Luckily, there's plenty of time. The new rules...

Construction payment laws can be tough to navigate. Between lien laws, retainage rules, and prompt payment provisions, a construction business can easily struggle to stay between the lines. Making matters...