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Contingent Payment
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Contractor Community0
- Contractor Community, EDUCATION
- August 7, 2018
August 2018 DOL Releases Videos Providing Guidance on Wage Laws The U.S. Department of Labor’s Wage and Hour Division has released a series of instructional videos that provide assistance to employers about their responsibilities to comply with the Fair Labor Standards Act. The brief, plain-language videos are intended to help employers who simply want to
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‘Pay-If-Paid’ Clauses—The Freedom to Contract vs. the Subcontractor’s Statutory Rights to Enforce Payment by Mechanic’s Liens or by Payment Bond0
- Contracts
- May 7, 2018
by James Palecek, Palecek & Palecek, PLLC It has been noted that a majority of states in America allow a general contractor and a subcontractor to enter into a construction contract which “shifts the risk” of non-payment from the owner to the subcontractor. See “PAY IF PAID” CONTRACT PROVISIONS, Providing Some Enforcement Consistency and Predictability
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CONTRACTOR COMMUNITY0
- Contractor Community
- March 9, 2018
March 2018 Senate Committee Approves Bill Banning Reverse Auctions in Construction On Feb. 14, the Senate Committee on Homeland Security and Government Affairs approved a bill that would prohibit federal agencies from using reverse auctions to procure construction and design services. S. 2113, the “Construction Consensus Procurement Improvement Act,” introduced by Sen. Rob Portman (R-Ohio)
READ MOREContractor Community0
- Contractor Community
- February 22, 2018
February 2018 ASA Introduces New White Paper on Contingent Payment Observers of the construction industry have seen companies go bankrupt, or go through torturous downsizings, layoffs and disputes, because of slow payment and nonpayment by customers. One cause of such difficulties is the contingent payment clause. In addition to the economic damage pay-if-paid clauses cause,
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CONTRACTOR COMMUNITY
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- February 22, 2018
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To educate and equip subcontractors and suppliers with the knowledge and resources they need to thrive in the construction industry. Additionally, FASA raises awareness about issues critical to and about construction in the United States.
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