New Law Helps Contractors Get Paid

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Recently enacted state legislation imposes strict requirements for payments to contractors, which directly affects owners, lenders, contractors and subcontractors. The Construction Contracts Act also prescribes various default provisions governing the relationship among owners, contractors and subcontractors.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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