October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act

Alexandra Zeiger published a client alert, “October 10 is the Date: Be Prepared for Changes to the Pa Contractor and Subcontractor Payment Act.”

“The Pennsylvania General Assembly recently revised and Governor Tom Wolf signed into law important changes to the Contractor and Subcontractor Payment Act (CASPA), which affect construction contracts executed on or after on October 10, 2018. Affording greater protections to contractors and subcontractors to secure payment, the changes may significantly alter payment schedules in construction contracts. Before negotiating a construction contract in Pennsylvania, familiarity with CASPA amendments and an understanding of their significance are essential.”

Click here to read the full alert.