NY A02212

Requires public owners to pay contractors in full for all materials delivered and accepted on public work projects, eliminating the ability to limit payments to only materials in short/critical supply or specially fabricated items

Exempts delivered and accepted materials covered by manufacturer's warranty or graded to meet industry standards from the standard 5-10% retainage that can be withheld on progress payments

Mandates contractors pay materialmen in full upon receiving payment from public owners for delivered materials, removing materialmen from retainage provisions that apply to subcontractors

Creates an exception allowing retainage for materialmen who are also contracted to install the products they deliver

Prohibits any retention of payments due to material suppliers on private construction projects when materials have been delivered, accepted, and are covered by manufacturer's warranty or meet industry standards