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General Statutes of Connecticut Chapter 742b — Construction Contracts

Connecticut · statute · Conn. Gen. Stat. ch. 742b · 11 active provisions

11 active provisions.

Conn. Gen. Stat. § 42-158j

Required contract provisions re timely payment of contractors, subcontractors and suppliers. Payment requisition statement. Remedy for untimely payments. Penalties. Escrow accounts. Withholding payments due because of disputes prohibited. Progress payments. Rights of action

(a) Each construction contract shall contain the following provisions: (1) A requirement that the owner pay any amounts due to any contractor in a direct contractual relationship with the owner, or due to any subcontractor or supplier in a direct contractual relationship with the contractor, whether for labor performed…

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Conn. Gen. Stat. § 42-158p

Retainage escrow accounts. Monthly reports. Combining accounts. Termination of accounts. Fees and expenses. Form and provision of account. Failure to deposit or release retainage. Acceptance of securities

An escrow account shall be established for all retainage, subject to the following: (a) An escrow account shall be established in state or national banks domiciled in this state or in savings and loan associations domiciled in this state. (b) The owner shall provide a monthly report to the contractor as to the value of…

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