58-55-601. Payment — Account designated. When making any payment to a materialman, supplier, contractor, or subcontractor with whom he has a running account, or with whom he has more than one contract, or to whom he is otherwise indebted, the contractor shall designate the contract under which the payment is made or the items of […]
58-55-602. Payment of construction funds — Interest. (1) All unpaid construction funds are payable to the contractor as provided in Section 13-8-5. (2) On projects involving multiple buildings, each building shall be considered individually in determining the amount to be paid the contractor. (3) Partial occupancy of a building requires payment in direct proportion to […]
58-55-603. Payment to subcontractors and suppliers. (1) When a contractor receives any construction funds from an owner or another contractor for work performed and billed, he shall pay each of his subcontractors and suppliers in proportion to the percentage of the work they performed under that billing, unless otherwise agreed by contract. (2) If, under […]
58-55-604. Proof of licensure to maintain or commence action. A contractor or alarm business or company may not act as agent or commence or maintain any action in any court of the state for collection of compensation for performing any act for which a license is required by this chapter without alleging and proving that […]
Effective 5/13/2014 58-55-605. Pay statement required. (1) On the day on which a person licensed under this chapter pays an individual for work that the individual performed, the person shall give the individual a written or electronic pay statement that states: (a) the individual’s name; (b) the individual’s base rate of pay; (c) the dates […]
