Establishing that a certain remedy for the payment of an undisputed amount owed under a construction contract applies to certain retention proceeds; reducing from $250,000 to $100,000 the minimum contract amount for the purpose of the applicability of certain provisions of law relating to retention proceeds; and requiring undisputed retention proceeds retained by an owner be paid within 90 days after the date of substantial completion.
Bill File Type: Regular
Effective Date(s): October 1, 2019
( 9-303, 9-304 )
Last Updated: 2/3/2020 2:31 PM