When Getting Paid is the Hard Part: Seminar Shows Contractors How to Operate In a New Payment Playing Field
In the wake of several significant legal events affecting the construction industry, contractors may soon find that the hardest part of any job might be getting paid for the work when it's done. New legislation and court decisions have changed the rules of the game, and the payment playing field is in flux.
To explain the implications to those working in the industry, attorneys in the Construction Law Group of Flaster/Greenberg PC, in conjunction with Rue Insurance Company, will present "Payments, Your Rights, Obligations and Remedies" on January 13, 2010. This workshop is geared to contractors, subcontractors, owners and others in the industry, and will discuss how the legislation will affect the way payments are made, how disputes should be handled in the future, and what to expect in light of recent court decisions under the new laws.
Topics discussed will include:
- U.S. District Court decision, which held that a "Pay When Paid" clause in New Jersey was valid and precluded a subcontractor's claim against both the contractor and its surety
- New Jersey Prompt Payment Act -- its bearing on public and private contracts, how it is implemented and how it may be impacted by recent court decisions
- Payment Certifications -- what they mean
- Statutory Trust Fund Act -- its application, scope and potential individual liability
- Performance and Payment Bonds
Presenters include Michael Simon, a shareholder in the Construction Law Group of Flaster/Greenberg PC, and Jeffrey Newman, an attorney in the firm's Construction and Litigation Practice Groups.
Registration for the program will begin at 5:30 pm at the office of Rue Insurance located at 3812 Quakerbridge Road in Hamilton, New Jersey. The seminar is scheduled to run from 6:00 pm - 7:30 pm.
For more details on this free event and for registration information, visit /home/events--seminars.aspx?d=262 Advance registration is recommended by January 6.
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