South Carolina § 29-6-40 Grounds on which owner, contractor, or subcontractor may withhold application and certification for payment; contract terms unaffected.

South Carolina Statutes

§ 29-6-40 — Grounds on which owner, contractor, or subcontractor may withhold application and certification for payment; contract terms unaffected.

South Carolina·Title 29 MORTGAGES AND OTHER LIENS·Ch. 6 PAYMENTS TO CONTRACTORS, SUBCONTRACTORS, AND SUPPLIERS

Nothing in this chapter prevents the owner, the contractor, or a subcontractor from withholding application and certification for payment because of the following: unsatisfactory job progress, defective construction not remedied, disputed work, third party claims filed or reasonable evidence that claim will be filed, failure of contractor or subcontractor to make timely payments for labor, equipment, and materials, damage to owner, contractor, or another subcontractor, reasonable evidence that contract or subcontract cannot be completed for the unpaid balance of the contract or subcontract sum, or a reasonable amount for retainage. Nothing in this chapter requires that payments due a contractor from an owner be paid any more frequently than as set forth in the construction documents, nor s

Free access — add to your briefcase to read the full text and ask questions with AI

Nothing in this chapter prevents the owner, the contractor, or a subcontractor from withholding application and certification for payment because of the following: unsatisfactory job progress, defective construction not remedied, disputed work, third party claims filed or reasonable evidence that claim will be filed, failure of contractor or subcontractor to make timely payments for labor, equipment, and materials, damage to owner, contractor, or another subcontractor, reasonable evidence that contract or subcontract cannot be completed for the unpaid balance of the contract or subcontract sum, or a reasonable amount for retainage. Nothing in this chapter requires that payments due a contractor from an owner be paid any more frequently than as set forth in the construction documents, nor shall anything in this chapter affect the terms of any agreement between the owner and any lender.

South Carolina § 29-6-40 (Grounds on which owner, contractor, or subcontractor may withhold application and certification for payment; contract terms unaffected.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.