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PAYMENT
LAWS
The New Jersey legislature
has enacted strict laws governing the payment process on
construction projects. These laws affect contractors and
owners alike. Some laws are applicable to all projects,
others are applicable to only certain types. Regardless
of your roll in the construction project, there are certain
laws that specifically apply to you. At Berkowitz and
Associates, P.C., we work with these laws every day.
The
Construction Lien N.J.S.A. 2A:44A-1 et seq.
The
Municipal Mechanic’s Lien N.J.S.A. 2A:44-125 et seq.
The
Bond Act N.J.S.A. 2A:44-143 et seq.
The
Trust Fund Act N.J.S.A. 2A:44-148 et seq.
The
Contract Claims Act N.J.S.A. 59:13-1 et seq.
The
New Jersey Prompt Payment Act, N.J.S.A. 2A:30A-1 et seq.
The
laws listed above are powerful tools, when used properly our
clients glean a large advantage over the other parties on the
project. We show our clients how to make these laws work
for them.
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