- Title
- State and Private Construction Contracts and State Procurement Contracts - Prompt Payment and Interest Requirements
- Sponsored by
- Delegates Valderrama and Boafo
- Status
- In the House - Hearing canceled (Economic Matters)
- Analysis
Synopsis
Requiring a private construction contract to include a provision requiring the owner to pay the contractor within 45 days after the receipt of a proper invoice following completion of the work or, if the owner withholds all or part of an amount invoiced, to send a certain notification to the contractor; requiring a contract between a contractor and a subcontractor on a private or State construction contract to include a provision requiring the contractor to pay the subcontractor within 7 days after receipt of payment; etc.
Committees
Details
History
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File Code
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Subjects
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Statutes
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(
17-601,
17-604 )
Last Updated: 4/15/2024 3:02 PM