The federal government has enacted regulations governing payment terms between the government and its construction contractors, as well as between those contractors and their lower-tier subcontractors. MCAA’s Federal Prompt Payment Act provides an overview of these regulations to help mechanical contractors ensure that they are being paid in a timely manner. It’s just one of MCAA’s educational resources that are free to MCAA members as a benefit of membership.
The bulletin explores:
- The elements of a “proper” invoice, and why timely submission is key
- Government response and receiving reports
- Interest payments
- Lower-tier subcontract payments
For a full list of available Management Methods Bulletins, including several on the topic of marketing, visit the Management Methods Bulletins page.
Have Questions or Need Personal Assistance?
Contact MCAA’s Frank Wall.