Homeowners are increasingly being asked to front large chunks of cash long before a contractor swings a hammer, a shift in payment timing that quietly transfers risk from the professional to you. When ...
In a typical construction contract, the project owner pays the prime contractor, and the prime contractor in turn pays the subcontractor, and so on down the line. The question then arises, what ...
Prompt payment statutes are laws enacted at the federal and state levels that set specific deadlines for payment and limit the amount of retention that can be withheld on construction projects. These ...
Today’s Law Review is geared to builders. The California Civil Code requires owners to pay general contractors and general contractors to pay subcontractors promptly or face severe consequences. Many ...
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