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This article summarizes statutory remedies available to contractors, subcontractors and material suppliers when upstream parties fail or refuse to release payments on public and private construction projects. Entities furnishing work or materials have several statutory means to enforce their rights to payment, including mechanic’s liens, payment bond claims, and/or claims for violation of state prompt payment laws. While their requirements may vary by project and state, these remedies should be at the forefront of every practitioner’s mind when faced with a dispute over payment.
Click here to read the full article on ABA Forum on Construction Law.
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