Effective 7-1-14, in part this act reduces the maximum time for payment of completed work.
Amended legislation relates to pre-bid meeting; prohibiting modification of specifications within 24 hours of the opening of a bid; to remove the provision in the current law that provides that the prompt payment provisions will not apply until an awarding authority is in receipt of funds as provided in the contract; to provide for the review and approval of the progress of completed work; to provide procedures for the dispute of a submitted invoice; and to provide for the alteration of contract terms upon the discovery of certain material changes in the property where work is to be performed. Click here for legislation



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