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ICYMI: New Public Project Payment Protocols in Florida
Manage episode 418397994 series 1269171
In this episode of The Lien Zone Podcast, we deep dive into Florida’s freshly updated regulations regarding public project payments.
We begin with a closer examination of the “Public Project Notices of Nonpayment, Sections 255.05 and 337.18.” Here, the introduction of a provision allows claimants to assert their right to bond protection if a bond isn’t timely recorded. The episode underscores the necessity of serving a notice of nonpayment on contractors – especially vital for those not directly in a contract with the contractor.
Transitioning to the “Public Project Prompt Payment Changes, Sections 218.735 and 255.077,” effective from July 1, 2023, we dissect significant alterations. Notably, the law now eradicates the previous $1M threshold for its applicability. Furthermore, there’s clarity on the governmental entity’s role in the payment process – from creating a comprehensive punch list to ensuring contractors are promptly paid.
In previous regulations, a contractor might face situations where they weren’t owed any payment. Now, with explicit rules in place, there’s a more balanced approach to handling payment disputes.
For anyone involved in public construction projects in Florida, understanding these changes is paramount. Tune in to gain invaluable insights into navigating these updates proficiently.
Make sure to follow us on YouTube and social media including Instagram, LinkedIn and Twitter to get a jump on your competition.
About Alex Barthet
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com.
The post ICYMI: New Public Project Payment Protocols in Florida appeared first on TheLienZone Podcast.
300集单集
ICYMI: New Public Project Payment Protocols in Florida
The Lien Zone Podcast: Construction Law, Contracts, Liens, Bonds & Collections
Manage episode 418397994 series 1269171
In this episode of The Lien Zone Podcast, we deep dive into Florida’s freshly updated regulations regarding public project payments.
We begin with a closer examination of the “Public Project Notices of Nonpayment, Sections 255.05 and 337.18.” Here, the introduction of a provision allows claimants to assert their right to bond protection if a bond isn’t timely recorded. The episode underscores the necessity of serving a notice of nonpayment on contractors – especially vital for those not directly in a contract with the contractor.
Transitioning to the “Public Project Prompt Payment Changes, Sections 218.735 and 255.077,” effective from July 1, 2023, we dissect significant alterations. Notably, the law now eradicates the previous $1M threshold for its applicability. Furthermore, there’s clarity on the governmental entity’s role in the payment process – from creating a comprehensive punch list to ensuring contractors are promptly paid.
In previous regulations, a contractor might face situations where they weren’t owed any payment. Now, with explicit rules in place, there’s a more balanced approach to handling payment disputes.
For anyone involved in public construction projects in Florida, understanding these changes is paramount. Tune in to gain invaluable insights into navigating these updates proficiently.
Make sure to follow us on YouTube and social media including Instagram, LinkedIn and Twitter to get a jump on your competition.
About Alex Barthet
Alexander Barthet is a board certified construction attorney in Florida and holds a B.S. in mechanical engineering. He manages The Barthet Firm, a ten lawyer construction law firm in Miami, and maintains a construction law blog at www.TheLienZone.com. He can be reached at 305-347-5295 or alex@barthet.com.
The post ICYMI: New Public Project Payment Protocols in Florida appeared first on TheLienZone Podcast.
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