Section 436.321 – Adjustment in retainage, when.
Effective – 28 Aug 2002 436.321. Adjustment in retainage, when. — If it is determined that a subcontractor’s performance has been satisfactorily completed and the subcontractor can be released prior to substantial completion of the entire project without risk to the owner involving the subcontractor’s work, the contractor shall request such adjustment in retainage, if […]
Section 436.324 – Release of retainage, when.
Effective – 28 Aug 2002 436.324. Release of retainage, when. — Within thirty days of the project reaching substantial completion, as defined in section 436.327, all retainage or substitute security shall be released by the owner to the contractor less an amount equal to one hundred fifty percent of the costs to complete any remaining […]
Section 436.327 – Substantial completion defined.
Effective – 28 Aug 2002 436.327. Substantial completion defined. — The project shall be deemed to have reached substantial completion upon the occurrence of the earlier of the architect or engineer issuing a certificate of substantial completion in accordance with the terms of the contract documents or the owner accepting the performance of the full […]
Section 436.330 – Subcontractor obligations.
Effective – 28 Aug 2002 436.330. Subcontractor obligations. — Subcontractors and sub-subcontractors of every tier shall comply with the provisions of sections 436.300 to 436.336 in their relations with their sub-subcontractors and suppliers and shall be bound by the same obligations to their sub-subcontractors and suppliers as contractors are to their subcontractors. ——– (L. 2002 […]
Section 436.303 – Contract provisions — retainage.
Effective – 28 Aug 2002 436.303. Contract provisions — retainage. — A contract or agreement may include a provision for the retainage of a portion of any payment due from the owner to the contractor, not to exceed ten percent of the amount of such payment due pursuant to the contract or agreement, to ensure […]
Section 436.306 – Security tendered, when.
Effective – 28 Aug 2002 436.306. Security tendered, when. — 1. The contractor may tender to the owner acceptable substitute security as set forth in section 436.312 with a written request for release of retainage in the amount of the substitute security. The contractor shall thereupon either: (1) Be entitled to receive cash payment of […]
Section 436.242 – Contract requirements and content — separate record for minors — violations, voided contract — parental signature required for minors.
Effective – 28 Aug 2021, 2 histories 436.242. Contract requirements and content — separate record for minors — violations, voided contract — parental signature required for minors. — 1. An agency contract shall be in a record signed by the parties. 2. An agency contract shall state or contain: (1) A statement that the athlete […]
Section 436.245 – Notice of contract, when — violation of athlete agent law, educational institution to notify director.
Effective – 28 Aug 2021, 2 histories 436.245. Notice of contract, when — violation of athlete agent law, educational institution to notify director. — 1. As used in this section, “communicating or attempting to communicate” shall mean contacting or attempting to contact by an in-person meeting, a record, or any other method that conveys or […]
Section 436.248 – Cancellation of contract, when.
Effective – 28 Aug 2021, 2 histories 436.248. Cancellation of contract, when. — 1. A student athlete or, if the student athlete is a minor, the parent or guardian of the student athlete may cancel an agency contract by giving notice in writing to the athlete agent of the cancellation within fourteen days after the […]
Section 436.251 – Records to be retained.
Effective – 28 Aug 2004 436.251. Records to be retained. — 1. An athlete agent shall retain the following records for a period of five years: (1) The name and address of each individual represented by the athlete agent; (2) Any agency contract entered into by the athlete agent; and (3) Any direct costs incurred […]