I hope you enjoyed my recent webinar on payment techniques for contractors in DC, Maryland, and Virginia. If you missed it, you can access the recording here. Below are some of the highlights:
Traditional payment techniques for contractors include asking for payment in writing with a list of your claims. Such letters can serve as important documentation to establish that your claim was asserted and that you complied with contractual notice provisions. If you later end up in court, it can show that you attempted to work things out.
For additional leverage, mechanic’s liens are a great tool to increase bargaining power during negotiations on private jobs. For federal and state jobs, you must file a bond claim (mechanic’s liens generally are not available on such jobs). Washington, DC and Maryland also have prompt pay statutes that can provide additional leverage on private jobs because they allow the contractor to recover attorney’s fees and interest on unpaid amounts.