7340

Policy

New Construction

Payments to Architects, Engineers, and Contractors

The board shall authorize payments to architects, engineers, contractors and other individuals providing goods and services according to the terms of contracts issued by the board.

Contracts shall include specified dates for, and amounts of, payments. Payments may be made on a periodic basis and shall allow for adjustments and corrections as approved by the board.

Final payments on all contracts shall be made only after the board has accepted all work specified in contracts let; e. g., the final payment to contractors will be made only after the new construction has been accepted by the board.

Adopted: October 4, 1983