Modifies the Prompt Payment Act and the threshold for requiring a payment bond on public projects.

Effective August 28, 2014, the Missouri Prompt Payment Act has been modified:  the amount to be held as retainage has changed; the public owner must provide a written explanation if the owner determines a project is not substantially complete or if the owner does not release full payment due to specific areas of work or materials the owner is rejecting; the threshold for requiring a payment bond has been increased; and increases the amount the public owner may retain if the project is not bonded because the contract is not estimated to exceed $50,000.  Click here for legislation


Get in Touch With Us

NCS works to provide you and all our clients with the most resourceful products and customer satisfaction. Our dedicated and knowledgeable staff is committed to delivering exemplary service and support. Please contact us with any questions or suggestions.

Required Fields *