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 ...
The Massachusetts Appeals Court has interpreted for the first time the Massachusetts Prompt Payment Act (the “Prompt Pay Law”) in the matter of Tocci Building Corporation v. IRIV Partners, LLC, et al.
The Forum of Private Businesses has said that a public sector initiative to pay invoices within 10 days is not being following through by main contractors to small suppliers. The Forum has said that ...
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 ...
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