Payment of retainage to subcontractors. Notwithstanding any contrary agreement, a contractor shall pay to its subcontractors or material suppliers and each subcontractor shall in turn pay to its subcontractors or material suppliers, within 7 days after receipt of the retainage, the full amount due to each subcontractor or material supplier. [PL 1993, c. 461, §1 (NEW).]
Appears in 6 contracts
Samples: mainelegislature.org, www.mainelegislature.org, mainelegislature.org
