In an attempt to reduce delayed payment periods in Alberta, on August 29, 2022, the Prompt Payment and Construction Lien Act (the PPCLA) came into ...

While this hurts businesses, it also could ding agencies that must then pay interest on the late invoices under the Prompt Payment Act. The interest rate under such law for the first six months of ...

Among other reasons, the court explained that an accord and satisfaction alters the subcontractor’s statutory right to receive prompt payment, under the Prompt Pay Act, which is not permitted ...

Where the owner fails to remit timely payment of an approved invoice, after giving seven calendar days’ notice, the unpaid party may suspend performance of the construction contract until the ...

The Massachusetts Supreme Judicial Court issued an opinion of first impression on the state's Prompt Pay Act Monday The court's majority said a payor's failure to accept or reject an invoice under ...

The Massachusetts Legislature passed the state’s Prompt Pay Act 14 years ago to improve the downstream flow of money on most large-scale private construction projects.

Clearly communicate payment policies and terms to small-business suppliers. Large companies that sign the pledge will get a comprehensive Communications Toolkit to share about their commitment, ...

On Wednesday, new property insurance prompt-pay laws go into effect, getting you your money faster and more efficiently. These laws, designed to make companies resolve and pay claims faster, came ...