N.Y. Comp. Codes R. & Regs. tit. 21 § 1002.12

Current through Register Vol. 46, No. 25, June 18, 2024

Section 1002.12 - Capital construction contracts

(a) The ROI date shall be adjusted whenever, in the case of any payments on capital construction contracts, the corporation's project manager or chief engineer or their designee determines that the contractor has failed to properly submit the necessary documents and other materials prescribed by or provided for in the contract specifications, terms and conditions, or requirements, or by any applicable local, State and Federal law or regulation, in order to enable the corporation to process the payment properly and expeditiously.

(b) The corporation's project manager or chief engineer or their designee shall send written notice to the contractor of his failure to submit the necessary documents and materials. The notice shall indicate all documents and materials required.

(c) The ROI date shall be the original ROI date increased by the number of days beginning on the date that the corporation's project manager or chief engineer or their designee sends written notice to the contractor of his failure to submit the necessary documents and materials and ending on the date that the corporation receives the necessary documents and materials.

N.Y. Comp. Codes R. & Regs. Tit. 21 § 1002.12