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New York Prompt Payment

Whiteford

Employment Law Update: New York’s Freelance Isn't Free Law: What NY Employers Need to Know

Whiteford on

On August 28, 2024, New York State’s Freelance Isn’t Free Law (“FIFL”) took effect, extending protections to freelance workers statewide. This sweeping law is codified in a new Article 44-A to New York State’s General...more

Bressler, Amery & Ross, P.C.

Amendments to New York’s Prompt Payment Act

Introduction - On November 17, 2023, amendments to New York’s Prompt Payment Act (the “Act”) were signed into law by Governor Kathy Hochul and effective immediately. The amendments apply to all private construction contracts...more

Hinckley Allen

Private Construction Projects Impacted by Changes to NY Prompt Payment Act

Hinckley Allen on

Governor Hochul signed Senate Bill 3539, amending Section 756-a and Section 756-c of the New York General Business Law – better known as the Prompt Payment Act (“PPA”). Because the law can override portions of construction...more

Robinson+Cole Construction Law Zone

NY Prompt Pay Act for Private Construction Caps Retainage at Five Percent

New York’s Prompt Pay Act, which sets the standards that govern private commercial construction contracts exceeding $150,000, was amended effective November 17, 2023. The Amendment known as Senate Bill 3539 provides two...more

Smith Gambrell Russell

New York Amends “Prompt Payment Act” to Limit Retainage

Smith Gambrell Russell on

On November 17, 2023, Governor Kathy Hochul signed Senate Bill 3539, which amended Section 756-a and Section 756-c of the New York General Business Law (commonly known as the Prompt Payment Act), which applies to all private...more

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