Subcontractors Say Payment Issues “Very Serious”

In the fall of 2007, 1,000 randomly selected ASA members had the opportunity to
speak out about which construction industry issues concern them most in the
biennial ASA Member Needs Assessment — a survey ASA uses to set priorities. Five
issues, mainly payment-related, rose to the fore, and will be the main topics
for ASA’s advocacy and education efforts over the course of the next two years.
Slow final payment figured most prominently in the results with nearly 73% of
participants rating the issue as "very serious." Coming in second was
pay-if-paid, which 64.5% of respondents rated "very serious." This was followed
by indemnification/hold harmless (64%), retainage (62.2%) and slow progress
payments (60%). These results did not change dramatically from ASA’s 2005 Member
Needs Assessment, indicating that payment issues are still at the core of
subcontractors’ public policy challenges.

For more information on the complete results of the 2007 Member Needs
Assessment, contact ASA Customer Service Manager Emily Yunker at
703-684-3450:1333, or eyunker@asa-hq.com.

Source: American Subcontractors Association

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