New York has made changes to its Prompt Payment Act (N.Y. Gen. Bus. Law §756) Legislation, which Gov. Kathy Hochul signed into law on November 17, 2023, provides that:
• retainage on private construction projects is capped...more
The New York City Department of Buildings (DOB) has announced that the city will enter Phase One of the State Reopening Plan on June 8. Work on all job sites will continue subject to permits issued by the DOB or otherwise...more