16-1905. Suspension of performance, when.
16-1905
16-1905. Suspension of performance, when.
If any undisputed payment is not made within seven
business days after the payment date established in a contract
for public construction or in this act, the contractor and any
subcontractors, regardless of tier, upon seven additional
business days' written notice to the owner and, in the case of a
subcontractor, written notice to the contractor, shall, without
prejudice to any other available remedy, be entitled to suspend
further performance until payment, including applicable interest,
is made. The contract time for each contract affected by the
suspension shall be extended appropriately and the contract sum
for each affected contract shall be increased by the suspending
party's reasonable costs of demobilization, delay and
remobilization.
History: L. 2007, ch. 163, § 5; July 1.