Walter D. Cupkovic and Jack L. Parrino
The recent economic downturn in real estate development and construction has significantly and negatively impacted contractors, subcontractors, and material suppliers. Non-payment of receivables is an ongoing problem even in good times, but even more so during the current recession and recovery (albeit slow) period. Having knowledge of one’s alternative available legal remedies gives contractors, subcontractors, and material suppliers a distinct advantage, especially as the market for local contractors, subcontractors, and material suppliers is growing to encompass the entire country.
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