Tag: Legislative
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The Trend Toward Bright-Line Protections: Recent Legislative Updates to Prompt Payment Laws Across the Country
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 paid timely, these statutes help maintain cash flow stability across all tiers of a project. In recent years, state legislatures across the country have taken…