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Prompt payment in the construction
industry is not new or unique to
Colorado
. Business in virtually every industry depends on
prompt payment for goods and services in order to remain in
business, retain employees and participate positively in
the overall economic health of their
community.
Prompt payment in the construction
industry likewise determines the health of the industry and
economic environment. Prompt payment in
construction directs the full payment for goods and
services
properly performed to the entity providing those goods and
services. Prompt payment includes
progress payments, retainage, change directives and final
payment.
This area of the Prompt Pay
Colorado website provides the laws and information from
the federal
government, states and municipalities across the United States
.
All information is accurate to the best
of our knowledgebut is not
intended to replace the counsel of your
professional
advisors.
Find out more information on a National Level.
Find out more information on a State Level.
Find out more information on a Local Level. |