Since 1982, the Prompt Pay Act has been in place to require federal agencies to make payments on time. When they are not made in a timely manner, interest builds. According to the Prompt Pay Act, every proper invoice must be paid with 30 days of its receipt. If an...
One major question that clients may have when signing a contract is why there is a clause referring to mechanic’s liens. You may include information on a mechanic’s lien in your contract so that your clients know that you’re willing to use a lien if they do not pay...
Owning or managing the construction business means that risk comes at you from every angle. You have liability if your employees get hurt on the job. You have liability if clients feel dissatisfied with your work, and you have the risk of people bringing frivolous...
You did a lot of work on a property for a client. They paid for the majority of the project up front, but your contract stipulated that they’d paid the remaining 25% upon completion. Once you were finished, you completed a walk-through viewing with your client. They...