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U.S. State Codes
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Michigan
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Chapter 125 - Planning, Hou...
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Act 524 of 1980 Construction Contracts With Cer...
Act 524 of 1980 Construction Contracts With Certain Public Agencies (125.1561 - 125.1566)
Section 125.1561 Definitions.
Section 125.1562 Construction Contract; Designation of Person to Submit Written Requests for Progress Payments; Designation of Person to Whom Requests for Progress Payments to Be Submitted; Manner and Times of Submissions; Deferring the Processing of Progress Payments; Payment of Requested Progress Payment; Failure of Public Agency to Make Timely Progress Payment; Interest.
Section 125.1563 Retaining Portion of Each Progress Payment to Assure Proper Performance of Construction Contract; Retainage; Limitations; Exceeding Pro Rata Share of Public Agency's Matching Requirement; Commingling and Deposit of Retained Funds; Releasing to Contractor Retainage and Interest Earned on Retainage; Irrevocable Letter of Credit.
Section 125.1564 Construction Contract; Agreement to Submit Matters Described in Subsection (3) to Decision of Agent; Designation of Agent; Dispute Resolution Process; Use; Agent to Receive Pertinent Information and Provide Opportunity for Informal Meeting; Decision of Agent to Be Final and Binding; Vacation of Decision by Circuit Court; Dispute Resolution Resulting in Decision; Final Progress Payment to Original Contractor Where Public Agency Contracts With Subsequent Contractor.
Section 125.1565 Construction Contracts to Which Act Applicable.
Section 125.1566 Effective Date.