25 Ind. Admin. Code 2-10-3

Current through October 31, 2024

Section 25 IAC 2-10-3 - Final payment billing; preconditions

Authority: IC 4-13-2-9; IC 4-13.6-3-1

Affected: IC 5-16-5; IC 5-16-5.5-6

Sec. 3.

Billing for final payment shall not be passed for payment until 60 days after (1) all contractor and subcontractor work has been totally completed including all punch list items, (2) all equipment has been delivered to the site, and (3) all equipment to be installed by contractor, supplier or a subcontractor has been installed and accepted. Final payment can be released only if all punch list items are completed by the contractor.

25 IAC 2-10-3

Indiana Department of Administration; Public Works Division Sec J,3; filed Feb 29, 1972, 4:10 pm: Rules and Regs. 1973, p.8; filed Feb 3, 1982, 1:05 pm: 5 IR 515; readopted filed Nov 20, 2001, 9:30 a.m.: 25 IR 1265; readopted filed Aug 26, 2008, 8:31 a.m.: 20080910-IR-025080549RFA; readopted filed Oct 18, 2013, 1:38 p.m.: 20131113-IR-025130403RFA

Readopted filed 11/4/2019, 3:40 p.m.: 20191204-IR-025190494RFA