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CT SB00849
Bill
Status
Introduced
2/14/2019
Primary Sponsor
General Law Committee
Click for details
AI Summary
- Requires construction contracts to mandate owners pay contractors, subcontractors, and suppliers within thirty days of written payment requests for labor performed or materials furnished
- Requires contractors to pay subcontractors and suppliers within thirty days of receiving payment from owners that encompasses their work
- Requires contractors to include provisions in subcontracts mandating subcontractors and suppliers pay their own subcontractors and suppliers within thirty days of receiving relevant payments
- Establishes minimum overhead and profit rate of fifteen percent for contractors and subcontractors performing extra work on change orders or directives totaling twenty-five thousand dollars or more
- Takes effect October 1, 2019
Legislative Description
An Act Concerning Change Orders In Construction Contracts.
Last Action
File Number 77
3/19/2019
Committee Referrals
General Law2/14/2019
Full Bill Text
No bill text available