Important information for Vermont contractors
If you are a contractor, builder or supplier in the Burlington area, or anywhere in Vermont, you should be aware of two key laws.
Vermont law allows contractors, builders, suppliers, and certain other persons the right to place a mechanics lien upon the property that they have worked on or otherwise improved. There are certain requirements and deadlines that must be complied with. In addition, Vermont has adopted the so-called Prompt Pay Act. In general terms, this law provides that contractors, builders and suppliers are entitled to be paid as set out in the contract, or – if there is no contract, within 20 days of the invoice. If payment is not timely made, the contractor is entitled to penalties, interest and attorney’s fees. Again, this law has certain conditions that must be met. You should consult with your attorney as soon as you feel that payment may not be made as you were promised.
At Bergeron, Paradis & Fitpatrick we have a very qualified team of lawyers with substantial litigation experience concerning real estate and contracts. We have protected the rights of contractors, builders and suppliers for many years, not only in the Burlington area but throughout Vermont.