With the exception of those living under rocks, construction professionals are well aware of the recent spate of litigation about the Massachusetts Prompt Pay Act. In 2022, the Massachusetts Appeals ...
New Jersey's Prompt Payment Act, N.J.S.A. 2A:30A-1 and 2 (Act), gives important rights to contractors and other parties who provide services or materials to construction projects in their quest for ...
On June 17, 2024, the Massachusetts Supreme Judicial Court issued an opinion of first impression regarding the Prompt Pay Act, M.G.L. c. 149, §29E, holding that a contractor found to have violated 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 ...
The Massachusetts Legislature passed the state’s Prompt Pay Act 14 years ago to improve the downstream flow of money on most large-scale private construction projects. While the act established ...
Construction payment disputes in New York are complex and slow to resolve, with the current arbitration mechanism under the Prompt Payment Act rarely used due to its finality and review limitations.