Need Prompt Payment Bill

A first-ever federal law guaranteeing prompt payment to subcontractors on public works should be amended to guard against bankruptcy of general contractors, says a bond association. Losses due to insolvency in construction totalled more than $500 million last year, the Commons finance committee was told: “It’s real. It’s not hypothetical.”

This content is for Blacklock’s Reporter members only. Please login to view this content. (Register here.)

Back to Top