Stephanie L. Cooksey | ConsensusDocs Untimely payment by the owner for contract work and additional work on construction projects can place an unfair financial burden on contractors and subcontractors. Most states have attempted to eliminate or mitigate this inequity in construction contracting through Prompt Payment Acts that govern payment deadlines and provide remedies for untimely… Continue reading Bright-Line Changes: Prompt Payment Act Trends
Tag: Prompt Payment Act
Changes to Construction Prompt Payment Act: What It Means for Construction Contractors Operating in DC
Arthur Dore and Jessica duHoffmann | PilieroMazza In 2023, the Private Contractor and Subcontractor Prompt Payment Act of 20131 (the Act) was amended to include additional protections for subcontractors on private projects by limiting a contractor’s setoff rights related to claims or damages on other projects. This limitation also applies to first-tier subcontractors. Below, attorneys in PilieroMazza’sConstruction Group summarize… Continue reading Changes to Construction Prompt Payment Act: What It Means for Construction Contractors Operating in DC