N.J. Admin. Code § 16:44-10.3

Current through Register Vol. 56, No. 12, June 17, 2024

Section 16:44-10.3 - Percent withheld for deferred work

When the contract provides that a portion of the work may be deferred with the approval of the Commissioner, the sum withheld from the contractor may not be less than 25 percent of the value of the deferred work.

N.J. Admin. Code § 16:44-10.3

Recodified from 16:44-7.4 by R.1994 d.198, effective 4/18/1994.
See: 25 N.J.R. 4727(a), 26 N.J.R. 1690(b).
Amended by R.2004 d.342, effective 9/7/2004.
See: 36 N.J.R. 1659(a), 36 N.J.R. 4155(b).
Substituted "the deferred" for "said" following "the value of".
Recodified from N.J.A.C. 16:44-7.3 and amended by R.2010 d.122, effective 6/21/2010.
See: 41 N.J.R. 3387(a), 42 N.J.R. 1239(a).
Section was "Per centum withheld for deferred work".