573.27 Payment before work completed.
Notwithstanding anything in this Code to the contrary, when at least ninety-five percent of any contract for the construction of public improvements has been completed to the satisfaction of the public contracting authority and owing to conditions beyond the control of the construction contractor the remaining work on the contract cannot proceed for a period of more than sixty days, such public contracting authority may make full payment for the completed work and enter into a supplemental contract with the construction contractor involved on the same terms and conditions so far as applicable thereto for the construction of the work remaining to be done, provided however, that the contractor’s surety consents thereto and agrees that the bond shall remain in full force and effect.
[C62, 66, 71, 73, 75, 77, 79, 81, §573.27]
Structure Iowa Code
Chapter 573 - LABOR AND MATERIAL ON PUBLIC IMPROVEMENTS
Section 573.2 - Public improvements — bond — waiver and remedies.
Section 573.3 - Bond mandatory.
Section 573.4 - Deposit in lieu of bond.
Section 573.5 - Amount of bond.
Section 573.6 - Subcontractors on public improvements.
Section 573.7 - Claims for material or labor.
Section 573.8 - Highway improvements.
Section 573.9 - Officer to endorse time of filing claim.
Section 573.10 - Time of filing claims.
Section 573.11 - Claims filed after action brought.
Section 573.12 - Payments and retention from payments on contracts.
Section 573.13 - Inviolability and disposition of fund.
Section 573.14 - Retention of unpaid funds.
Section 573.15 - Claim against retainage or bond.
Section 573.15A - Early release of retained funds.
Section 573.16 - Optional and mandatory actions — bond to release.
Section 573.18 - Adjudication — payment of claims.
Section 573.19 - Insufficiency of funds.
Section 573.20 - Converting property into money.
Section 573.21 - Attorney fees.
Section 573.22 - Unpaid claimants — judgment on bond.
Section 573.23 - Abandonment of public work — effect.
Section 573.24 - Notice of claims to state department of transportation.
Section 573.25 - Filing of claim — effect.
Section 573.26 - Public corporation — action on bond.