All participants in the construction industry--owners, lenders, general contractors
, subcontractors and suppliers--should strictly abide by, and take advantage of, the procedures set forth in the Lien Law.
What is a "reasonable time" for the general contractor
to wait for payment from the owner before paying the subcontractor?
From the point of view of a negotiator, the strategic objective of the bid package is to convince the general contractor
that your firm can perform the work at the promised price, or at least that your firm is worthy of approaching with a counter-offer or a negotiation process.
Courts in most states have held that a subcontractor may recover under a pay-when-paid clause, even when the general contractor
has not been paid by the owner.
In a nutshell, the decision is helpful, but it doesn't solve the problem," said Jeff Zogg, executive director of The General Contractors
Association of New York.
You make some phone calls, but the general contractor
is avoiding you.
The revitalization of Lodi's downtown corridor received a major push forward recently, as Crown Properties, LLC, the owner and developer of the new ShopRite, announced the naming of a general contractor
for the superstore.