01 Sep: Sweeney Measure To Expedite Payment Of Construction Contracts Is Now Law

CHERRY HILL – A measure sponsored by Senator Steve Sweeney that entitles contractors to prompt payment for completed construction projects was signed into law today by Governor Jon Corzine. The measure was signed during the Southern NJ AFL-CIO Central Labor Council’s annual Peter J. McGuire Labor Day Scholarship Breakfast.

“This bill establishes specific guidelines for the payment of construction projects. All too often, contractors and construction companies are kept waiting for months on end to receive payment for their labor,” said Senator Sweeney, D-Gloucester, Cumberland and Salem, who Chairs the Senate Labor Committee. “The 30 day period from the presentation of the bill to its payment is designed to help cut out much of the red tape that is so often associated with construction projects, while allowing property owners to question any items on their bill that they don’t understand or don’t agree with.”