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Off the heels of the most exciting legislative session for the construction industry in years, ABC- Greater Tennessee was able to pass a majority of our legislative priorities for the year. Thank you to all of the ABC members for their help in marking this achievement. ABC Greater Tennessee is looking forward to many more successes in the years to come.
Below is an update on each piece of legislation that ABC - Greater Tennessee pushed in the Tennessee General Assembly in 2019.
SB324/HB 271 Payment Rights of contractors and subcontractors (Sen. Johnson/Rep. Gant)
Prohibits a written contract to have a condition precedent for payment clause where the prime contractor is not required to pay the remote contractor due to contract or until they are paid by the construction owner. Declares that if payment is not received, work by contractor can be suspended until received. Makes other revisions relative to the payment rights of contractors and subcontractors.
ABC Position: ...
Associated Builders and Contractors of Greater Tennessee