On behalf of Kaplin Stewart Meloff Reiter & Stein, P.C. posted in Uncategorized on Jan 27, 2015.
Payment clauses … no construction contract clause has a more immediate impact on the bottom line for contractors of all shapes and sizes. Understanding payment clauses can be the key to knowing when to press for payment or not and, ultimately, whether payment will ever arrive for work on a project. Careful review of your contracts with the help of counsel is a shrewd approach; but here are the basics at the risk of over-simplification.