ADDITIONAL PAYMENT METHODS
SECTION SUMMARY
Identify Additional Payment Methods:
- Legal Remedies (i.e. (),
- ))
- (Criminal Breach of Trust, etc.),
- Contractor Best Practices (Practices developed by sub-contractors, or others, which may be adopted by sub-contractors to facilitate prompt payment.)
- Non-Payment Registry (A database of non-payment practices of payers in the construction industry.)
The following provides subcontractors with:
- A “Roadmap” of “Additional Methods of Payment”.
- A “database” of best practices to attain payment derived from examples/articles/guides given by contractors, or others.
- The means to identify payers who have, or have not, exhibited the “Best Practices” when paying Sub-contractors.
The ‘Additional Payment Methods” in the Task Force “Wheel” Model is grouped into three categories:
- Legal Remedies(i.e. Trust Claims (CLA), Personal Property Security, Bonding, Other Liens under other Statutes (Repairs & Storage Lien Act), Criminal Code (Criminal Breach of Trust, etc.)
- Contractor Best Practices(Practices developed by sub-contractors, or others, which may be adopted by sub-contractors to facilitate prompt payment.), and
- Non-Payment Registry(A database of non-payment practices of payers in the construction industry.)