Why Careful Payment Practices Are Important in Post-Pandemic Construction Projects
By EsqSocial Corporation 25/06/21
Construction project partners considering new projects in the post-COVID-19 market face some unfamiliar challenges, including challenges related to prompt payment. Escalating material costs, a still-constricted labor market and little clarity about the pandemic's long-term impact on certain market segments (including hospitality and retail) all contribute to what may be the greatest challenge in today’s market: uncertainty. In an uncertain marketplace, payment practices should be a top...
By: Faegre Drinker Biddle & Reath LLP