Payments and cashflow are more critical than ever and mastering the complexities must be a priority so that payments don’t become a source of confusion, conflict or wasted time. General contractors are the heart through which project funds and payments flow, connecting owners to all the project subcontractors and suppliers. What can be done to assure that the payment process on a project is a strong point and not a weakness or source of controversy?
ENR’s expert panelists will review the complexities of contract payment terms and law, the complications of documenting completed work in the field and the challenge of payment applications. We’ll explore the need to account for retained funds, lien rights and waivers, and the assurance that money reaches all the parties involved in the fairest and most expeditious manner possible.