UTAH CODE (Last Updated: January 16, 2015) |
Title 13. Commerce and Trade |
Chapter 8. Unenforceable Agreements |
§ 13-8-4. Obligation to pay under construction contracts -- Rights of parties under contingent payment provisions.
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(2) A party to a construction contract shall make all scheduled payments under the terms of the construction contract. (3) (a) The existence of a contingent payment contract is not a defense to a claim to enforce a preconstruction or construction lien under Title 38, Chapter 1a, Preconstruction and Construction Liens. (b) Subsection (3) does not apply to contracts for private construction work for the building, improvement, repair, or remodeling of residential property consisting of four units or less. (4) If a construction contract is a contingent payment contract: (a) the subcontractor may request from the contractor the financial information that the contractor has received from the public or private party regarding: (i) the project financing; and (ii) the public or private party; and (b) if information is requested by the subcontractor under Subsection (4)(a), the contractor shall provide the information prior to the subcontractor signing the construction contract between the contractor and the subcontractor. (5) This section applies to a contract executed on or after May 5, 1997.
Amended by Chapter 278, 2012 General Session