Payment

  • Are We Ever Going to Do Something About Slow Payments?

    Are We Ever Going to Do Something About Slow Payments?0

    The ASA Metro Washington Chapter joined forces with the National Association of Minority Contractors, DMV (District/Maryland/Virginia) Chapter and the Metro DC Hispanic Contractors Association to formulate a short paper that explains the issues and what can be done. Subcontractors in the construction industry are often expected to shoulder the financial burden of construction projects, acting

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  • How Technology is Transforming Construction Collections

    How Technology is Transforming Construction Collections0

    By Claire Wilson, Siteline The construction industry has a persistent challenge: getting subcontractors paid on time. Sound familiar? Given that only 5% of trade contractors report always getting paid on time—with most waiting an average of 90 days to get paid—delayed payments are an all-too-common frustration. This challenge partially stems from where subcontractors sit in

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  • Contractor Community0

    July 2018 Edition   House Endorses Contractor Payment Protections On May 24, the full U.S. House of Representatives approved two important payment protections for contractors and subcontractors performing work on federal construction projects. The provisions were incorporated in the National Defense Authorization Act for Fiscal Year 2019 (H.R. 5515), which the House approved by a

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  • Contractor Community0

    June 2018   House Committee Approves ASA-Endorsed Contractor Payment Protections The House Armed Services Committee, on May 9, voted to incorporate two key contractor payment protections in the National Defense Authorization Act for Fiscal Year 2019 (H.R. 5515). One amendment (Sec. 855) would require federal contracting agencies to provide with their invitations for bid and

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  • CONTRACTOR COMMUNITY0

    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)

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  • Contractor Community0

    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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