The New Jersey Prompt Pay Act Has Teeth

On September 1, 2006, New Jersey amended the New Jersey Prompt Payment Act (the "Act") to include private construction contracts in addition to public construction contracts.  The Act now affords greater protections to prime contractors (which includes architects and engineers), subcontractors, sub-subcontractors and suppliers by providing deadlines for payment and severe consequences for unreasonably withholding payment.  

Please click here to read our article The New Jersey Prompt Pay Act has Teeth.