Documentation for Progress Payment - Michigan

Documentation for Progress Payment is a legal document that was released by the Michigan Department of Environment, Great Lakes, and Energy - a government authority operating within Michigan.

FAQ

Q: What is a progress payment?
A: A progress payment is a payment made to a contractor or subcontractor on a construction project as work progresses.

Q: When are progress payments made?
A: Progress payments are typically made based on specific milestones or stages of completion in a construction project.

Q: Who is responsible for making progress payments?
A: The party responsible for making progress payments is usually the owner or general contractor.

Q: How do progress payments work?
A: Progress payments are usually calculated as a percentage of the total contract value and are made after the completion of a specified portion of the work.

Q: What documents are required for progress payments?
A: Documentation required for progress payments may include invoices, receipts, and proof of completion.

Q: What happens if a progress payment is not made?
A: If a progress payment is not made as agreed, the contractor or subcontractor may be able to file a lien on the property or take legal action to recover the payment.

Q: Are there any rules or regulations regarding progress payments in Michigan?
A: Yes, Michigan has specific laws and regulations governing progress payments in construction projects.