Get help with everything you need to know about construction payments.
The New York prompt pay provisions are a set of statutes that regulate timely payment on private and public projects. These statutes create default pay schedules and penalties for non-compliance....
In the construction industry, retainage is frequently withheld from contracts. This is meant as an incentive for contractors and subs to complete their work to a satisfactory level. However, given...
The practice of withholding retainage is a controversial topic. Owners want to incentivize the proper completion of the contract, while contractors and material suppliers are hungry for consistent cash flow....
The Ohio Prompt Pay laws regulate the timing of payments on both public and private projects. Late payment is a problem in the construction industry as a whole. In order...
Retainage is the withholding of a percentage of payment to ensure the successful completion of construction projects. Since cash flow is so vital to the success of a project, many...
Construction trust fund statutes are meant to protect lower-tiered project participants by ensuring they get paid what they’ve earned. These are meant not only to protect payments to contractors, subs,...
The Nevada Prompt Payment Acts were enacted to ensure that anyone working on a private or public project within the state are paid in a timely fashion. This is achieved...
Withholding retainage on construction projects is commonplace. Given the inherent risk of abuse, states have enacted various laws to oversee this practice as best they can. Pennsylvania retainage is regulated...
The New York construction trust fund statute was enacted to ensure that anyone working on a construction project within the state, gets paid. Mechanics liens and bond claims can only...
Retainage: The mere mention of this practice can cause headaches for subcontractors and suppliers on any given construction project. It’s supposed to protect owners by providing an incentive to finish...
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