Mitchell Taraschi, Chair of Connell Foley’s Product Liability and Tort Law Group, and associate Nicholas Guarino discuss the power of New Jersey’s Prompt Payment Act (PPA) in a recent article titled, “One Missed Step or Deadline Under the PPA and It Will Cost You,” published in the August 2022 issue of Utility & Transportation Contractor Magazine (UTCA).
In the article, Mitch and Nicholas break down the most pertinent subsections of the PPA pertaining to:
- Work specifically performed by prime contractor on behalf of an owner (including public entity owners),
- Requirement that if payment is not made within the time limits, the delinquent party shall be liable for the money owed under the contract, and
- The requirement for reward of reasonable attorney fees and costs in addition to the total amount and interest
Please click here to access the article on pages 91-92.
