Good Morning One of our subcontractors is not performing and the we are in a mutual agreement to terminate. We do have a contract in place. I can think of the having a unconditional waiver for final payment. Also, we are planning to use his retainage to hire another subcontractor to finish the task...Read More...Read More
We have a project in LA for which we are subcontractor to GC on a commercial job. Signed contract calls for Net 30 payment terms. For GC’s, this usually means at least 45-60 days. The deadline in LA is 60 days after Substantial Completion or 30 days if Notice of Substantial Completion is filed by GC...Read More...Read More