AGC East Tennessee
  • Home
  • About Us
    • Who We Are
    • AGC of America
    • Leadership >
      • Board of Directors
      • Past Board Chairs
    • Committees
    • Chapter Sponsors
    • BLOC / Building Leaders of Chattanooga
    • Member Benefits >
      • Worker's Compensation
      • Member Discounts: AGC of America
      • Member Discounts: NPP
      • Private Insurance Exchange
      • 401K For Employers
    • Join Us! >
      • Membership Application
    • Staff / Contact Us
  • Member Directory
    • Member Directory
    • Map of Members
    • Member Login
  • Industry
    • Legislative Priorities
    • Tennessee Contractor Licensing FAQs
    • About Our Workforce
    • Workforce Development Initiatives
    • AGC of America Advocacy
  • Events and Training
    • Event Calendar
    • Event Photo Galleries >
      • 2020 Clay Shoot Gallery
      • 2020 Annual Meeting
      • 2019 Christmas Party
      • 2019 Clay Shoot
      • 2019 Fall Golf Tournament
      • 2019 BRIC Awards
      • 2019 BIG PIG BBQ Contest
      • 2019 Spring Golf Tournament
      • BLOC Gallery
    • Supervisory Training Program
    • Project Manager Development Program
    • Construction Leadership Course
    • Safety Training
    • Build Your Future
    • Scholarships
    • AGC Student Chapters
  • News
    • COVID Resources 2021
  • Plan Room
    • Member's Plan Room Access

Foundations News Blog

Tennessee State Legislature Passes New Payment Protection Laws for GCs, Subs

7/8/2020

 
After a year and a half of a concerted effort with construction associations across the state, last week the House and State passed HB0271 adding new payment protections that mitigate risks for GCs and subs. The highlights include:
  • Requires the owner to pay all retainage for work completed to the GC within 30 days (instead of 90 days) from the last day of the month of receipt of use or occupancy permit, or work is completed or substantial completion of the project for work is completed;
  • Extends the timeframe of the notice of nonpayment served to the owner or prime contractor from 90 days to 12 months;
  • Removes the receipt of a certificate of substantial completion from an architect and beginning use as specific triggering events for payment of retainage;
  • Does not change the 10-day period time limit for paying retainages to subcontractors, sub-subcontractors, and material suppliers;
  • Deletes provision that authorizes a prime contractor to include a condition precedent for payment in a contract with a remote contractor stating the prime contractor is not obligated to pay the remote contractor until the prime contractor is paid by the construction owner client.
  • Establishes a prime contractor, or remote contractor in respect to a prime contractor, may suspend performance of work, without penalty, and receive payment of late fees, if payment is not received from a construction owner client in accordance with a written contract.

Click here for a link to the full bill
Click here for a link to the summary

Comments are closed.

    Categories

    All
    Industry News
    Local Advocacy
    Local Outlook
    Members
    Safety
    Workforce Development

Picture

Picture
Associated General Contractors of East Tennessee
101 West 21st Street, Chattanooga, TN 37408
(423) 265-1111, contact@agcetn.org
​
Monday - Thursday, 8 am - 5 pm
​Friday, 8 am - 4 pm
​​MEMBER LOGIN
​CONTACT US
​EVENTS AND TRAINING CALENDAR
NEWS BLOG
​MEMBERSHIP
PLAN ROOM
ADVERTISING & SPONSORSHIP
PRIVACY POLICY
REFUND POLICY
Get Connected:
  • Home
  • About Us
    • Who We Are
    • AGC of America
    • Leadership >
      • Board of Directors
      • Past Board Chairs
    • Committees
    • Chapter Sponsors
    • BLOC / Building Leaders of Chattanooga
    • Member Benefits >
      • Worker's Compensation
      • Member Discounts: AGC of America
      • Member Discounts: NPP
      • Private Insurance Exchange
      • 401K For Employers
    • Join Us! >
      • Membership Application
    • Staff / Contact Us
  • Member Directory
    • Member Directory
    • Map of Members
    • Member Login
  • Industry
    • Legislative Priorities
    • Tennessee Contractor Licensing FAQs
    • About Our Workforce
    • Workforce Development Initiatives
    • AGC of America Advocacy
  • Events and Training
    • Event Calendar
    • Event Photo Galleries >
      • 2020 Clay Shoot Gallery
      • 2020 Annual Meeting
      • 2019 Christmas Party
      • 2019 Clay Shoot
      • 2019 Fall Golf Tournament
      • 2019 BRIC Awards
      • 2019 BIG PIG BBQ Contest
      • 2019 Spring Golf Tournament
      • BLOC Gallery
    • Supervisory Training Program
    • Project Manager Development Program
    • Construction Leadership Course
    • Safety Training
    • Build Your Future
    • Scholarships
    • AGC Student Chapters
  • News
    • COVID Resources 2021
  • Plan Room
    • Member's Plan Room Access