Foley Attorneys Author Guidance on Prompt Pay Act for Construction Executives

Foley & Lardner LLP Partners Lisa Glahn and Jeffrey Blease and Associate Max Meckstroth authored the Massachusetts Lawyers Weekly article, “Construction project execs beware: Prompt Pay Act means business,” discussing the important considerations construction project executives must keep in mind following the Massachusetts Appeals Court decision in Tocci Bldg. Corp v. IRIV Partners, LLC interpreting the state’s Prompt Pay Act this summer.

The authors discuss the basics of the Prompt Payment Act, provide a summary of the cited lawsuit and subsequent appeal, and offer key lessons and takeaways for project executives. They advise that construction executives involved in Massachusetts projects must now give their utmost attention to the routine pay applications they exchange, as anything short of strict statutory compliance will not meet legal requirements when rejecting applications for payment.

(Abonnement verplicht)