Establishes rules for construction contracts in Missouri, including payment timelines and dispute resolution.
Missouri HB3166 sets forth rules for construction contracts, including payment timelines and dispute resolution mechanisms. It mandates that owners must pay contractors within forty days of receiving an invoice or pay application. Contractors must pay subcontractors within seven days of receiving payment from the owner. The bill also outlines specific notice requirements for owners and contractors when withholding payment due to noncompliant work. It prohibits certain clauses in construction contracts, such as those allowing unilateral termination or payment withholding without proper notice.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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