§ 4006. Prepayment; advance payment
This chapter shall in no way be construed to prohibit an owner, contractor, or subcontractor from making advance payments, progress payments, or from prepaying if agreements or other circumstances make such payments appropriate. All such payments shall be made promptly and shall be subject to the interest, penalties, and other provisions hereof when payment is later. (Added 1991, No. 74, § 1, eff. Jan. 1, 1992.)
Structure Vermont Statutes
Chapter 102 - Construction Contracts
§ 4002. Owner’s payment obligations
§ 4003. Contractor’s and subcontractor’s payment obligations
§ 4004. Errors in documentation
§ 4005a. Fund held in trust; commingling; no effect on title to real property
§ 4006. Prepayment; advance payment
§ 4007. Disputes; penalties; attorney’s fees