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Strategies and Solutions for Managing the New Prompt Pay Law

November 4, 2010

Advocates have called it one of the most significant pieces of legislation affecting private construction since the reform of the state’s mechanic’s lien law in 1996.

The prompt pay law, which takes effect on November 8, covers private construction projects over $3 million, so the majority of commercial projects will be affected. The new law sets specific time periods for processing payments on a project, both routine progress payments and payments for change orders. It may eliminate the use of “pay if paid” terms as well as the right to stop work for nonpayment without risking breach of contract.

This open forum discussion features an expert panel of professionals who will identify the challenges this law creates and will offer solutions and strategies for you to implement. Panelists currently scheduled to attend include:

Jesse Keefe, Head of Construction
New England Development

Robert Kelley, Senior Counsel
Staples, Inc.

Scott Naigles, Associate General Counsel
Suffolk Construction

Robert Nugent, In-House Counsel
Parsons

Kurt Therrien, Executive Vice President
Kensington Investment Company

Participants will include construction professionals, engineers, architects, design professionals, attorneys, university representatives, and others who will all share their ideas and strategies in this fast-paced roundtable discussion. Please don’t miss this opportunity to hear from some of the top professionals in the business.

Details:
Thursday, November 4, 2010
7:30 – 8:00 AM – Networking
8:00 – 9:00 AM – Program

Location:
Prince Lobel
100 Cambridge Street, Suite 2200
Boston, MA 02114

Moderators:
Richard Briansky, Diane R. Rubin,
Partners
Prince Lobel Construction Group

Hugh J. Gorman, III
The Law Office of Hugh J. Gorman, III

Details

Date:
November 4, 2010