Ohio Prompt Payment Act Update

• Overview
• Agenda
• Faculty
• Credits

The Prompt Payment Act contains some often misunderstood or overlooked requirements that are critical to protecting project profitability. Cash flow is the lifeblood for most companies, but particularly contractors. Many contractors, subcontractors, specialty trades and suppliers are forced to finance the construction of a project as a result of delayed payment from their contracting partners, often resulting in widespread impact to their lending relationships and business operations. This teleconference will help you understand and pursue your rights under Ohio's Prompt Payment Act, to avoid becoming the bank. The teleconference will explain the penalties and remedies available to you under the Act and help you develop strategies for maximizing the benefits of the Act.

Learning Objectives

• You will be able to describe the purpose of Ohio's Prompt Payment Act.
• You will be able to explain the 10-day rule.
• You will be able to identify the requirements that are critical to protecting project profitability.
• You will be able to define your rights under Ohio's Prompt Payment Act.

Faculty

Ian H. Frank, Esq., Frantz Ward LLP

Registration

To register for this live audio conference please dial 1-866-411-6211.