NY S01216

Amends General Obligations Law Section 5-322.1 to declare void and unenforceable any contract clause requiring a contractor or subcontractor to commence or continue work when the work and/or price is in dispute or has not been approved by the owner

Applies to construction, alteration, repair, or maintenance contracts for buildings, structures, appurtenances, and appliances, including moving, demolition, and excavating

Maintains existing prohibition against contract clauses conditioning a subcontractor's or materialman's right to file a claim or commence an action on a payment bond on exhaustion of other legal remedies

Exempts insurance contracts, workers' compensation agreements, and agreements issued by admitted insurers from this provision

Takes effect immediately upon enactment