By Lynn Bartels, Rocky Mountain News
Contractors who have had to take out loans while waiting to get paid for a job are backing legislation aimed at changing the payment process.
The Construction Industry Recovery & Jobs Preservation Act would “enforce reasonable payment schedules for quality construction work that has been completed,” according to its backers.
“Without a new law, many smaller construction companies will simply not be able to make payroll or pay suppliers,” said Michael Gifford, executive director of the Associated General Contractors of Colorado.
