Search results
Results from the WOW.Com Content Network
Construction in East Village, San Diego. A "Little Miller Act" is a U.S. state statute, based upon the federal Miller Act, that requires prime contractors on state construction projects to post bonds guaranteeing the performance of their contractual duties and/or the payment of their subcontractors and material suppliers.
Construction of the Pentagon, 1942.. The Miller Act (ch. 642, Sec. 1-3, 49 stat. 793,794, codified as amended in Title 40 of the United States Code) [1] requires prime contractors on some government construction contracts to post bonds guaranteeing both the performance of their contractual duties and the payment of their subcontractors and material suppliers.
Where a seller has to refund the price paid, then the seller must also pay interest to the buyer from the date of payment. [62] It has been said the interest rate is based on rates current in the seller's State '[s]ince the obligation to pay interest partakes of the seller's obligation to make restitution and not of the buyer's right to claim ...
On interstate level, when the Agreement on measures of providing improvement of payments between economic organizations of the CIS participating states dated 15 May 1992 was being signed, it was made a decision on creation of the CIS judicial organ (named the Commercial Court of the Commonwealth).
Subcontractor agrees that all progress payments and final payment to Subcontractor are contingent upon and subject to Owner's acceptance of Subcontractor's work and upon contractor's receipt of payment from Owner. Subcontractor agrees to accept the risk of non-payment if Contractor is not paid progress payments and/or final payment from Owner ...
The State of California Franchise Tax Board (FTB) explained on its website that if you are eligible, you will automatically receive a payment — which is expected to be issued between October ...
Together, these laws make it illegal for contractors and subcontractors doing business with the federal government to discriminate in employment because of disability or status as a protected veteran. Its regulations can be found at CFR Title 41 Chapter 60: Public Contracts and Property Management.
Subcontractors tend to bear the brunt of retainage provisions, especially subcontractors performing work early on in the construction process. [24] The main reason for this, is because many contractors pass down the owner's right to withhold retainage to the subcontractor, but frequently withhold more than is being withheld from them. [24]