What is the time frame for making progress payments for public building projects after the contractor's payment request?

In public building projects, it is generally required that progress payments be processed promptly after receiving the contractor's payment request. Specifically, the correct time frame is 15 days. This requirement is established to ensure a timely cash flow for contractors, which is essential in keeping the project on schedule and maintaining financial stability for those involved in the construction.

An expedited payment process helps to reduce financial strain on contractors, allowing them to pay their subcontractors and suppliers in a timely manner, which in turn supports the overall health of the project. By establishing a strict timeline such as 15 days, public agencies can foster a more efficient construction environment and encourage competitive bidding as contractors can plan financially with greater certainty.

Other time frames such as 30, 45, or 60 days are typically too lengthy for the progress payment process in the context of public building projects, leading to potential delays and cash flow issues that can jeopardize the execution of the project.