Virginia Public Procurement Act; payment clauses to be included in contracts. (SB550)

Introduced By

Sen. John Bell (D-Chantilly)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Virginia Public Procurement Act; payment clauses to be included in contracts; right to payment of subcontractors. Requires contracts awarded by state or local government agencies to include a payment clause that obligates the contractors to be individually liable for the entire amount owed to any subcontractor with which it contracts. Payment by the party contracting with the contractor shall not be a condition precedent to payment to any lower-tier subcontractor. Read the Bill »

Status

01/12/2022: Awaiting a Vote in the General Laws and Technology Committee

History

DateAction
01/12/2022Prefiled and ordered printed; offered 01/12/22 22102233D
01/12/2022Referred to Committee on General Laws and Technology
01/19/2022Impact statement from DPB (SB550)
01/26/2022Senate committee, floor amendments and substitutes offered

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