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What Is the CASPA Penalty for Late Payments in PA Construction?

Understanding Your Payment Rights Under Pennsylvania's CASPA Key Takeaways: Under Pennsylvania's Contractor and Subcontractor Payment Act (CASPA), late payment penalties include ordinary interest, 1% per month on wrongfully withheld amounts, plus attorney's fees and litigation expenses. The law applies to most private commercial construction contracts and entitles contractors and subcontractors to prompt payment. Owners must … Continue reading What Is the CASPA Penalty for Late Payments in PA Construction?