Tag: payments

Is Prompt Payment a Requirement? A Mistake Can Cost You.

There is a little known but powerful tool for subcontractors and suppliers.  It allows them to seek immediate payment on undisputed contract obligations due on public projects from contractors who have already been paid. Prompt Payment on Public Jobs. While a contractor may find it preferable for cash flow reasons to simply keep a subcontractor waiting, even after receiving payment for its portion of the work from the municipality or public entity, it is neither legal nor smart.  Contractors would do well to heed the rulings by Florida’s courts which have made clear that ignoring the prompt payment statute comes ... Read more