This first known decision interpreting the statute clarifies the consequences of an Owner’s failure to properly reject applications for payment. Generally, the Prompt Pay Act applies to private ...
Last November, Arizona’s Court of Appeals issued a memorandum decision analyzing Arizona’s Prompt Pay Act. Though the decision was not published and is not binding authority, it does guide the ...
Prompt payment statutes have long served as the backbone of financial fairness and predictability in the construction industry. Designed to ensure that those who perform work and furnish materials are ...
Bigger companies stiffing smaller ones is a never-ending problem in the construction project payment chain—but the Massachusetts and its subcontractors have been leaders in demanding better pay ...
On Nov. 17, 2023, Governor Kathy Hochul signed legislation amending New York's General Business Law Sections 756-a and 756-c, known as the Prompt Payment Act, to limit the withholding of retainage on ...
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