Section Rev 602.06 - Contract Compensation and Terms All appraisal work contracts shall include and specify:
(a) The amount of compensation to be paid by the municipality to the contractor for the specific assessing services that shall be performed pursuant to the contract agreement;(b) The amount or terms of compensation to be paid by the municipality for assessing services to support and defend assessments that are appealed to the BTLA or superior court, if not included in (a) above, quoted on a hourly or daily basis plus expenses;(c) The cost to the municipality for the appraisal of special use property, or utility property, if not included in (a) above, quoted on a flat fee, or hourly or daily basis, plus expenses;(d) The manner and time schedule in which the municipality shall make payments to the contractor;(e) That for a revaluation or a partial update contract, a statement of any amount of retainage that might be withheld from the contractor until all of the terms of the contract have been satisfied; and(f) That for a BTLA ordered revaluation or partial update, the contract shall state that a minimum of 10% retainage shall be withheld from the contractor until:(1) All of the terms of the contract have been satisfied; and(2) The DRA has completed its final monitoring report.N.H. Admin. Code § Rev 602.06
Amended by Volume XXXIV Number 19, Filed May 8, 2014, Proposed by #10581, Effective 5/1/2014, Expires5/1/2024.Amended by Number 15, Filed April 11, 2024, Proposed by #13916, Effective 3/28/2024, Expires3/28/2034 (see Revision Note #2 at chapter heading for Rev 600).