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California's Budget Woes Threaten Its Ability to Pay Its Contractors: Will Your Next Progress Payment Be an IOU? |
September 17, 2009
Previously published on January 22, 2009
As the California budget stalemate reaches unprecedented heights, and the State of the California's cash and credit reaches unprecedented lows, contractors working for State agencies are facing work stoppages, contract suspensions or terminations, and delayed payments.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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