When a contractor or a subcontractor has performed in accordance with the provisions of his contract, the owner shall pay the contractor by mailing via first class mail or delivering the undisputed amount of any pay request within twenty-one days of receipt by the owner of any pay request based upon work completed or service provided under the contract, and the contractor shall pay to his subcontractor and each subcontractor shall pay to his subcontractor, within seven days of receipt by the contractor or subcontractor of each periodic or final payment, by mailing via first class mail or delivering the full amount received for that subcontractor's work and materials based on work completed or service provided under the subcontract.
HISTORY: 1990 Act No. 426, Section 1.
Structure South Carolina Code of Laws
Title 29 - Mortgages and Other Liens
Chapter 6 - Payments To Contractors, Subcontractors, And Suppliers
Section 29-6-20. Right of contractor and subcontractor to payment.
Section 29-6-30. Time and manner of making payment to contractors and subcontractors.
Section 29-6-60. Application of chapter.
Section 29-6-210. Citation of article.
Section 29-6-230. Subcontractor's right to payment from party with whom it contracts.
Section 29-6-250. Labor and material payment bond; "governmental body" defined.
Section 29-6-270. Credit rating of state in which surety company licensed.
Section 29-6-290. Contract provisions not to derogate rights of contractor against payment bond.