NEBRASKA—LB961—CONSTRUCTION PROMPT PAY ACT

Approved earlier this year, Nebraska LB961 becomes effective for any contracts entered into after July 17, 2014.

The prompt payment statute was amended, significantly changing the definition of contractors and subcontractors, the time frame in which the owner or the contractor shall pay retainage, the amount of retainage that can be held, and allows for damages and attorney fees for an entity who pursues a violation of the Nebraska Construction Prompt Pay Act. Click here for legislation

 

Contact

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 *