§ 42-158i Definitions
§ 42-158j Required contract provisions re timely payment of contractors, subcontractors and suppliers. Payment requisition statement. Remedy for untimely payments. Penalties. Escrow accounts. Withholding payments due because of disputes prohibited. Progress payment
§ 42-158k Retainage limitation. Payment by owner. Time limits
§ 42-158l Clauses waiving right to claim mechanic’s lien or claim against a payment bond void
§ 42-158m Adjudication of disputes in this state
§ 42-158n Required job site postings
§ 42-158o Surety obligations
§ 42-158p Retainage escrow accounts. Monthly reports. Combining accounts. Termination of accounts. Fees and expenses. Form and provision of account. Failure to deposit or release retainage. Acceptance of securities
§ 42-158q Escrow account exclusions
§ 42-158r Enforcement of retainage and adjudication in this state
§ 42-158s Offer of compromise to settle arbitration claims. Interest, attorney’s fees and costs
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Terms Used In Connecticut General Statutes > Chapter 742b - Construction Contracts

  • another: may extend and be applied to communities, companies, corporations, public or private, limited liability companies, societies and associations. See Connecticut General Statutes 1-1
  • banks: shall include all incorporated banks. See Connecticut General Statutes 1-1
  • Contract: A legal written agreement that becomes binding when signed.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
  • Escrow: Money given to a third party to be held for payment until certain conditions are met.
  • Lien: A claim against real or personal property in satisfaction of a debt.
  • month: means a calendar month, and the word "year" means a calendar year, unless otherwise expressed. See Connecticut General Statutes 1-1
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.