Provides relative to payments to contractors and subcontractors
Procurement Contracts and Construction Contracts - Payments
Procurement Contracts and Construction Contracts - Payments
Relates to provisions governing contracting between state agencies and not-for-profit organizations including new, renewal, and extension contracts and advance payments and interest for such contracts; repeals provisions relating to interest payments.
State contracting: subcontractors: prompt payment.
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.
Authorize CAT exclusion for contractor payments to subcontractors
Contracts; increase dollar value of certain public works contracts exempt from provisions relating to retention of contractual payments
Uncollectible judgements against prime contractors permitted to be paid from contract retainage, and direct payments to subcontractors under certain circumstances required.