Limits amount of payment that State agency as property owner may withhold from certain contractors on State construction contracts to two percent of amount due.
Requires prompt payment of certain construction contracts.
Construction: contracts; prompt payment law; establish for contractors to pay subcontractors and suppliers in a timely manner. Creates new act.
Construction: contracts; prompt payment law; establish for contractors to pay subcontractors and suppliers in a timely manner. Creates new act.
Require construction project owners to timely pay contractors
Increases amount of partial payment withheld by contracting unit for certain contracts entered into from two percent to 10 percent.
Require private construction project owner timely pay contractors
Construction contracts; provide certain requirements regarding payment and retainage.
Construction contracts; payment clauses to be included in certain contracts.
Construction contracts; payment clauses to be included in certain contracts.