According to the Prompt Pay Act, how many days do owners have to refuse to certify a bill after receiving it?

Under the Prompt Pay Act, owners are required to make payment within a specific timeframe upon receiving a bill. When it comes to refusing to certify a bill, the law allows owners a period of 14 days to review the bill and respond accordingly. If the owner does not certify the bill within that 14-day window, it is generally assumed that they have accepted the bill for payment, assuming it adheres to the terms of the contract. This provision is designed to encourage timely payment in construction and related projects, ensuring that contractors and subcontractors are not delayed in their payments. Such regulations are critical for maintaining cash flow in the construction industry, thereby promoting financial stability among contractors.