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Industry Watch: Prompt Payment Laws in Construction — Recent Cases Owners Can’t Ignore
On a Massachusetts project, an owner thought it was “just” behind on paperwork. Instead, a court found it had breached the Prompt Payment Act, deemed seven applications approved, and ordered payment of more than $4.6 million — before the owner’s own claims were even heard. That’s exactly what happened in the Tocci Building Corp. v.…
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Commentary: Construction Procurement Is About Managing Risk, Not Savings
I have seen construction procurement fail for reasons that had nothing to do with delivery.The model was wrong from the start. Too often, construction is treated like indirect spend. Leaders want forecasts of spend, dates, and savings based on historical data, as if the work were recurring. Then when predictions miss, delivery teams are blamed…