Indiana § 36-9-36-27 Monthly payments to contractor

Indiana Statutes

§ 36-9-36-27 — Monthly payments to contractor

Indiana·Title 36 LOCAL GOVERNMENT·Art. 9 TRANSPORTATION AND PUBLIC WORKS·Ch. 36 Barrett Law Funding for Counties and Municipalities

(a)A contractor for an improvement is entitled to monthly estimates of the work done during each month. The estimates shall be made by the engineer of the unit and approved by the works board.

(b)The works board shall issue to the contractor certificates for eighty-five percent (85%) of the amount due the contractor by the estimates. The contractor is entitled to receive the amounts named in the certificates in cash or improvement bonds to be collected or issued by the unit. The certificates are negotiable instruments.

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(a) A contractor for an improvement is
entitled to monthly estimates of the work done during each month. The
estimates shall be made by the engineer of the unit and approved by the
works board.
(b) The works board shall issue to the contractor certificates for
eighty-five percent (85%) of the amount due the contractor by the
estimates. The contractor is entitled to receive the amounts named in
the certificates in cash or improvement bonds to be collected or issued
by the unit. The certificates are negotiable instruments.

Indiana § 36-9-36-27 (Monthly payments to contractor) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.