Chapter 1 - Timely Payments To Contractors And Subcontractors
- Section 8-29-1 Definitions
For the purpose of this chapter, the following words have the following meanings: (1) CONTRACTOR. Any person, individual, firm, corporation, partnership, or other legal ...
- Section 8-29-2 Performance in accordance with contract entitles contractor or subcontractor to payment
Performance by a contractor, subcontractor, or sub-subcontractor in accordance with the provisions of his or her contract entitles them to payment from the party ...
- Section 8-29-3 Timely payments to contractors and subcontractors; noncompliance with chapter; percentage of retainage on payments
(a) When a contractor has performed pursuant to his or her contract and submits an application or pay request for payment or an invoice ...
- Section 8-29-4 Withholding application and certification for payment; withholding payment; notice
(a) Nothing in this chapter shall prevent the owner, contractor, or subcontractor from withholding application and certification for payment for any of the following ...
- Section 8-29-5 Waiver of right to receive interest
A party may not waive the right to receive interest before a payment is due under a contract subject to this section. A party ...
- Section 8-29-6 Civil action
A contractor, subcontractor, or sub-subcontractor may file a civil action solely against the party contractually obligated for the payment of the amount claimed to ...
- Section 8-29-7 Exemptions from chapter
This chapter does not apply to the following: (1) Residential homebuilders. (2) Improvements to real property intended for residential purposes which consist of 16 ...
- Section 8-29-8 No amendment of existing laws; not applicable in certain civil actions
This chapter does not amend or modify existing laws relating to mechanics and materialmen liens and shall not be applicable in civil actions pursuant ...
