In Ohio, whether you’re a general contractor, a construction manager, a subcontractor or a material supplier, you’re aware of the power of Ohio’s Prompt Payment Act. The Prompt Pay Act (ORC 4113.61) requires that a contractor pay its subcontractor within 10 days of being paid by the owner for that subcontractor’s work. (Subcontractors must pay […]
Working in the construction industry comes with numerous risks – many that are outside a contractor’s control, but many (in fact, most) that are. One such risk is waiving rights to liens and claims in the middle of a construction project, through a lien waiver. What is a lien waiver? This is not intended to […]
Pay-if-paid clauses. They are the thorn in every subcontractor’s and supplier’s side. Even GC reps, while loving the risk protection these clauses provide, know they’re not fair. And they only really exist in the construction industry. Certainly your credit card company, your mechanic, or your butcher would never agree to be paid only after you […]
