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
Scott Naigles, Associate General Counsel
Robert Nugent, In-House Counsel
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.
Thursday, November 4, 2010
7:30 – 8:00 AM – Networking
8:00 – 9:00 AM – Program
100 Cambridge Street, Suite 2200
Boston, MA 02114
Hugh J. Gorman, III
The Law Office of Hugh J. Gorman, III