HB518 Alabama 2011 Session

Summary

Primary Sponsor

Ron Johnson

Republican

Session

Regular Session 2011

Title

Construction contracts, retainage requirements, defined, Sec. 8-29-3 am'd.

Description

Under existing law, prompt payment is required on construction contracts for improvement to real property. Public works contracts restrict retainage, but payments of retainage to other contractors is not defined or restricted in other contracts.

This bill would amend the prompt payment law related to construction contracts to define retainage and to provide for the retainage requirements in private construction contracts.

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Subjects

Contracts